1. A wholesaler in Lucknow buys a TV from the manufacturer in Agra for Rs. 25000. He marks
the price of the TV 20% above his cost price and sells it to a retailer in Jhansi at a 10%
discount on the marked price. If the rate of GST is 8%, find the (i) marked price (ii) retailer's
cost price inclusive of GST (iii) GST paid by the wholesaler
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(i) Cost price for wholesaler =Rs.25,000
Marked price =Rs.25,000 + 20/100 × Rs.25,000
=Rs.30,000
(ii) Discount =10% of 30,000=Rs.3,000
Cost price for retailer = Marked price − Discount
=Rs.30,000−Rs.3,000
=Rs.27,000
Cost price inclusive tax =Rs.27,000+ 8/100 × Rs.27,000
=Rs.29,160
iii) Cost price for wholesaler =Rs 25,000
Sale price for wholesaler =Rs.27,000
Profit for wholesaler = ?
Rs.27,000−Rs 25,000=Rs.2,000
GST = 8/100 × Rs.2,000
=Rs.160.
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