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Question { Chartered Accountant, 14574 }
Maximum retail price rs.100 including vat 12.5 % what is
basic price
Answer
vat 12.5% inclusive
Basic price= 100*100/12.5%=88.89%
VAT= 88.89*12.5%/100=11.11/-
MAXIMUM PRICE=88.89+11.11=100/-
| Is This Answer Correct ? | 10 Yes | 0 No |
