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 tax (under GST) received by the Central Government is
- ₹18
- ₹198
- ₹90
- ₹99
GST
15 Likes
Answer
From Question 3:
The tax (under GST) paid by the wholesaler to the Central Government is = ₹90
From Question 4:
The tax (under GST) paid by the retailer to the State Government is = ₹9
as CGST = SGST
∴ The tax (under GST) paid by the retailer to the Central Government is = ₹9
The tax (under GST) received by the Central Government is
= CGST paid by the wholesaler + CGST paid by the retailer
= 90 + 9 = ₹99
∴ Option 4 is the correct option.
Answered By
7 Likes
Related Questions
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
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 retailer to the State Government is
- ₹99
- ₹9
- ₹18
- ₹198
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 cost of spectacles to the consumer inclusive of tax is
- ₹1650
- ₹1800
- ₹1830
- ₹1848
A shopkeeper bought a machine from a distributor at a discount of 25% of the listed price of ₹32000. The shopkeeper sells the machine to a consumer at listed price. If the sales are intra-state and the rate of GST is 18%, then choose the correct answer from the given four options for questions 7 to 11:
The selling price of the machine including tax(under GST) by the distributor is
- ₹32000
- ₹24000
- ₹28320
- ₹26160