Mathematics
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.
GST
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Answer
Marked price of the article = ₹15000
Profit = 10%
Rate of GST = 12%
(i) Selling price of the article (excluding tax) = Marked Price + Profit
(ii) The amount of tax (under GST) paid by the consumer
(iii) The total amount paid by the consumer = Selling price of the article + GST paid by the consumer
= ₹16500 + ₹1980
= ₹18480
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Related Questions
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.
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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.