Mathematics
A retailer purchases a spectacles for ₹1500 from a wholesaler and sells it to a consumer at 10% profit. If the sales are intra-state and the rate of GST is 12%, then choose the correct answer from the given four options for question 1 to 6:
The selling price of the spectacles by the retailer (excluding tax) is
- ₹1500
- ₹1650
- ₹1848
- ₹1800
GST
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Answer
Given:
Cost price for retailer = ₹1500
Profit % of retailer on cost price = 10%
∴ Selling price of the spectacles by retailer (excluding tax) = Cost Price + Profit
∴ Option 2 is the correct option.
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A retailer purchases a spectacles for ₹1500 from a wholesaler and sells it to a consumer at 10% profit. If the sales are intra-state and the rate of GST is 12%, then choose the correct answer from the given four options for question 1 to 6:
The selling price of the spectacles including tax (under GST) by the retailer is
- ₹1650
- ₹1800
- ₹1848
- ₹1830
A retailer purchases a spectacles for ₹1500 from a wholesaler and sells it to a consumer at 10% profit. If the sales are intra-state and the rate of GST is 12%, then choose the correct answer from the given four options for question 1 to 6:
The tax (under GST) paid by the wholesaler to the Central Government is
- ₹90
- ₹9
- ₹99
- ₹180