Question

1) A shopkeeper purchases an article for ₹6200 and sells it to a customer for ₹8500.If the GST is 8%, find the GST paid by the shopkeeper.​

Answer 1

Answer:

Purchase price for Shopkeeper =Rs. 6,200

⇒ Sale price for shopkeeper =Rs. 8,500

⇒ Tax paid by the shopkeeper =8% of 6,200=

100

8

×6,200=Rs. 496

⇒ Tax charged by the shopkeeper =8% of 8,500=

100

8

×8,500=Rs. 680

⇒ Then VAT paid by the shopkeeper = Rs.680−Rs.496=Rs.184