Question

​1.A shopkeeper buys a printer at a discount of 30% on the marked price of Rs. 8000. He sells the printer to a customer at marked price. GST charged at each stage is 18%. Find:
(i) GST paid by the shopkeeper to the Government.
(ii) The price paid by the shopkeeper for the article inclusive of tax.
(iii) The cost to the customer inclusive of tax.
(4 Points)​

Answer 1

Answer:

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Answer 2

Answer:

Step-by-step explanation:

Manufacturer's  Selling price = 70%  of 8000 (Discount 30 percent)
                                                  = 5600

Customer's Cost Price= 8000 (Marked price)
Therefore,

GST paid by shopkeeper (CGST) = Output tax- Input tax

                                            = 9/100*8000  -  9/100*5600

                                           = 720 - 504

                                           =Rs. 216

Price Paid By shopkeeper inclusive Gst = 5600 + 18/100 * 5600

                                                                    = 5600+1008

                                                                   = Rs. 6608

Price paid by customer inclusive GST = 8000 + 18/100 * 8000

                                                                 =8000+1440

                                                                 = Rs.9440

I hope this helps,

Please check if this is correct.