Mathematics
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
GST
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Answer
Given,
Cost price for retailer = ₹ 8000
Profit % = 15%
Selling price for retailer = C.P. + Profit
= ₹ 8000 + ₹
= ₹ 8000 + ₹ 1200
= ₹ 9200.
For inter -state transaction :
S.G.S.T. % = C.G.S.T. % = Nil
I.G.S.T. % = G.S.T. = 10%
I.G.S.T. = = ₹920.
Hence, Option 2 is the correct option.
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