Mathematics
A shopkeeper buy goods worth ₹4000 and sells these at a profit of 20% to a consumer in the same state. If GST is charged at 5%, find:
(i) the selling price (excluding tax) of the goods.
(ii) CGST paid by the consumer.
(iii) SGST paid by the consumer.
(iv) the total amount paid by the consumer.
Related Questions
An article is marked at ₹15000. A dealer sells it to a consumer at 10% profit. If the rate of GST is 12%, find:
(i) the selling price (excluding tax) of the article.
(ii) the amount of tax (under GST) paid by the consumer.
(iii) the total amount paid by the consumer.
Mr. Bedi visits the market and buys the following articles :
Medicines costing ₹950, GST @ 5%
A pair of shoes costing ₹3000, GST @ 18%
A laptop bag costing ₹1000 with a discount of 30%, GST @ 18%
(i) Calculate the total amount of GST paid .
(ii) The total bill amount including GST paid by Mr. Bedi.
A shopkeeper buys an article from a wholesaler for ₹20000 and sells it to a consumer at 10% profit. If the rate of GST is 12%, find the tax liability of the shopkeeper.
A dealer buys an article for ₹6000 from a wholesaler. The dealer sells the article to a consumer at 15% profit. If the sales are intra-state and the rate of GST is 18%, find
(i) input CGST and input SGST paid by the dealer.
(ii) output CGST and output SGST collected by the dealer.
(iii) the net CGST and SGST paid by the dealer.
(iv) the total amount paid by the consumer.