document.write( "Question 1073357: Mohit a dealer in electronic goods , buys a high class TV sets for rs. 61200. He sells this TV set to Geeta, Geeta to Rohan and Rohan sells it to Manoj. If the profit at each stage is rs. 2000 and the rate of VAT at each stage is 12.5% find
\n" ); document.write( "i) Total amount of tax(under VAT) paid to the govt.
\n" ); document.write( "ii) Money paid by manoj to buy the TV set. \r
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Algebra.Com's Answer #688249 by jorel1380(3719)\"\" \"About 
You can put this solution on YOUR website!
i)If the TV set is initially 61200, then
\n" ); document.write( "Mohit to Geeta=61200+2000=63200 x 1.125=71100
\n" ); document.write( "Geeta to Rohan=71100+2000=73100 x 1.125=82237.50
\n" ); document.write( "Rohan to Manoj=82237.50+2000=84237.50 x 1.125=92517.18
\n" ); document.write( "(71100-63200)+(82237.50-73100)+(92517.18-84237.50)=Total VAT which equals rs.25317.\r
\n" ); document.write( "\n" ); document.write( "ii)Manoj paid Rs. 92517.18 for the TV set. ☺☺☺☺
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