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Find the value added tax paid by the wholesaler

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Reference no: EM133129834

Question - A manufacturer printed the price of his goods as BD240 per article. He allowed a discount of 20% to the wholesaler who in his turn allowed a discount of 15% on the printed price to the retailer. If the prescribed rate of VAT on the goods is 5% and the retailer sells it to the consumer at the printed price. Find the value added tax paid by the wholesaler and the retailer.

Reference no: EM133129834

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