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A manufacturing company produced a machine and sold it to a distributer for ₹5000.00 not including tax, tax rate being 8.00%. The distributor sold it to a retailer for ₹6250.00 plus tax of ₹500.00 . The retailer sold the machine to the consumer for ₹7812.50 plus tax of ₹625.00 . Calculate the total amount of tax (under VAT) received by the State Government on this machine. |