Mathematics
A retailer purchased an item for ₹ 8000 from a wholesaler and sells to a customer at 15% profit. The sales are intra-state and the rate of GST is 10%. The amount of GST paid by the customer is :
₹ 460
₹ 920
₹ 1840
₹ 92
GST
22 Likes
Answer
Given,
Cost price for retailer = ₹ 8000
Profit % = 15%
Selling price for retailer = C.P. + Profit
= ₹ 8000 + ₹
= ₹ 8000 + ₹ 1200
= ₹ 9200.
For intra-state transaction :
S.G.S.T. = C.G.S.T. % = = 5%
S.G.S.T. = C.G.S.T. = = ₹ 460.
Total G.S.T. paid by customer = S.G.S.T. + C.G.S.T. = ₹ 460 + ₹ 460 = ₹ 920.
Hence, Option 2 is the correct option.
Answered By
11 Likes
Related Questions
Consultancy services, worth ₹ 50000 are transferred from Delhi to Kolkata at the rate of GST 18% and then Kolkata to Nainital (with profit = ₹ 20000) at the same rate of GST. Find the output tax at
(i) Delhi
(ii) Kolkata
(iii) Nainital
For a trader, marked price of a refrigerator = ₹ 15,680 exclusive of GST, (GST is 12%). Gagan, a customer for this refrigerator, asks the trader to reduce the marked price of the refrigerator to such an extent that its reduced price plus GST on it is equal to marked price of the refrigerator. Find the required reduction.
A retailer purchased an item for ₹ 8000 from a wholesaler and sells to a customer at 15% profit. The sales are inter-state and the rate of GST paid by the customer is 10%. The amount of GST paid by customer is :
₹ 460
₹ 920
₹ 1840
₹ 92
The cost of certain services is ₹ 10,000, excluding GST = ₹ 1800. The rate of GST is :
12%
5%
18%
28%