Ali purchase a motorcycle in Rs. 52900. He paid the 5% tax on it. Ali sold that motorcycle in Rs. 53500 and he charged tax 7% on it. Find the value added tax on it?
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Answer:
Ali purchase a motorcycle in Rs. 52900. He paid the 5% tax on it. Ali sold that motorcycle in Rs. 53500 and he charged tax 7% on it. Find the value added tax on it Rs. 1100.
