Question

1.
An article is marked at 15000. A dealer sells it to a consumer at 10% profit. If the rate
of GST is 12%, find:
(1) the selling price (excluding tax) of the article.
(11) the amount of tax (under GST) paid by the consumer.
(iii) the total amount paid by the consumer.​

Answer 1

(I) The selling price (excluding tax) of the article is Rs 14,520.

(II) Amount of tax (under GST) paid by the consumer is Rs 1,800.

(III) Total amount paid by consumer is Rs 16,320.

Step-by-step explanation:

We are given that an article is marked at 15000. A dealer sells it to a consumer at 10% profit. And the rate of GST is 12%.

(I) We are given in the question that an article is marked at Rs 15000.

Now, it should be noted that GST is always included in the marked price which means that in Rs 15000, the GST of 12% is also included.

Amount of GST =  12% of Marked price

                          =  12% of Rs 15000

                          =  $15000 \times 0.12$ = Rs 1800

Now, the price of article is Rs(15000 - 1800) = Rs 13,200

So, Selling Price of article =  Rs 13,200 + Profit

                                           =  Rs 13,200 + (10% of Rs 13,200)

                                           =  Rs 13,200 + 1,320

                                           =  Rs 14,520

Hence, the selling price (excluding tax) of the article is Rs 14,520.

(II) Amount of tax (under GST) paid by the consumer = 12% of MRP

                                    =  12% of Rs 15000

                                    =  $15000 \times 0.12$ = Rs 1,800

(III) Total amount paid by consumer = Selling Price + Amount of Tax

                                                            = Rs 14,520 + Rs 1,800

                                                            = Rs 16,320

Answer 2

Given :  An article is marked at 15000. A dealer sells it to a consumer at 10% profit. If the rate  of GST is 12%

To Find :   the selling price (excluding tax) of the article.

the amount of tax (under GST) paid by the consumer.

the total amount paid by the consumer.​

Solution:

article is marked at 15000   Rs   (Marked Price is not  MRP  and GST is above this )

profit = 10 %

Profit = (10/100) * 15000 = Rs 1500  

Selling price (excluding tax) of the article. = 15000 + 1500 = Rs 16500

GST is 12%

GST = (12/100) * 16500 =  Rs 1980

amount of tax (under GST) paid by the consumer.  =  Rs 1980

total amount paid by the consumer.​ = 16500 + 1980

= Rs 18480

the total amount paid by the consumer. = Rs 18480 ​

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