Question

1. A retailer bought an article from the dealer for Rs 580 and sold it to the customer for Rs 660.
The rate of GST charged being 8%. Therefore the GST paid by the retailer to the State
Government in rupees is
A. 6.40
B. 80
C. 3.20
D. 32

Answer 1

Answer:

A. Rs. 6.40

Step-by-step explanation:

The retailer has to pay GST only on his profit amount.

Therefore, GST paid by retailer to the state = 8% of (Rs. 660- Rs. 580)

  = 8% of Rs. 80  = 8/100 * 80 = Rs.6.40

Thanks

Answer 2

Given:

A retailer bought an article from the dealer for Rs 580

He sold it to the customer for Rs 660.

The rate of GST being charged is 8%.

To find :

The GST paid by the retailer to the State  Government in rupees.

Solution:

To find the GST paid by the retailer to the state government  we have to find profit,

Profit =  Selling price - Cost price

Profit = 660 - 580

Profit = Rs 80

The rate of GST is 8%

Therefore,

8% of 80 = 8 × $\frac{80}{100}$

8% of 80 = $\frac{64}{10}$

8% of 80 = Rs 6.40

GST paid by retailer is Rs 6.40

Final answer:

The GST paid by the retailer to the State  Government is Rs 6.40

Thus, the correct option is A. 6.40