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Mathematics

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 price including tax(under GST) of the machine paid by the consumer is

  1. ₹28320
  2. ₹37760
  3. ₹34880
  4. ₹32000

GST

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Answer

Given:

Listed price of machine = ₹32000

Selling price for shopkeeper excluding tax (or cost price for consumer) = Listed Price = ₹32000

As the sales are intra-state and the rate of GST is 18%, so GST comprises of 9% as CGST and 9% as SGST. Shopkeeper sells the machine to consumer for ₹32000, amount of GST collected by shopkeeper from consumer(or paid by consumer):

CGST = 9% of 32000 = 9100×\dfrac{9}{100} \times 32000 = ₹2880

SGST = 9% of 32000 = 9100×\dfrac{9}{100} \times 32000 = ₹2880

∴ The price including tax (under GST) of the machine paid by the consumer is = Cost Price + CGST + SGST
= 32000 + 2880 + 2880
= ₹37760

∴ Option 2 is the correct option.

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