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:
(i) the selling price (excluding tax) of the article.
(ii) the amount of tax (under GST) paid by the consumer.
(iii) the total amount paid by the consumer.
4000 and sells these at a profit of 20% to a consum​

Answer 1

Answer:

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

Answer 2

Step-by-step explanation:

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