10. A is a manufacturer of T.V. sets in Delhi. He manufactures a particular brand of T.V. set and marks
it at 75,000. He then sells this T.V. set to a wholesaler B in Punjab at a discount of 30%. The
wholesaler B raises the marked price of the T.V. set bought by 30% and then sells it to dealer C in
Delhi. If the rate of GST = 5%, find tax (under GST) paid by wholesaler B to the government.
11. For a trader, marked price of a refrigerator = * 15.680 inclusive of GST at the rate of 12% on the
marked price. Gagan, a customer for this refrigerator, asks the trader to reduce the marked price of
the refrigerater to such an extend that its reduced price plus GST on it is equal to marked price of
the refrigerator. Find the required reduction
Answers
Answer:
10. GST paid by wholeseller B to the Government = Rs. 2250
Step-by-step explanation:
Initial marked price by Manufacturer A = Rs. 75000
Wholeseller B bought the TV at a discount 30%
∴ Purchase price of B = 75000 - 30% of 75000
∴ Purchase price of B = Rs. 52500 .... (1)
GST paid by the B for purchase = 5% of the purcahse price
GST paid by B on purcahse = 52500 × 5 ÷100
∴GST paid by B on purchase = Rs. 2625 ...(2)
Seller B sells TV by changin marked price to 30% more than previous.
∴ Selling price of B = 75000 + 30% of 75000
∴ Selling price of B = Rs. 97500 .... (3)
GST charged by B on selling of TV = 5% of selling price
∴ GST charged by B on selling of TV = 97500 ×5 ÷ 100 ..... (4)
∴ GST charged by B on selling of TV = Rs. 4875 ..... (4)
GST paid by B to the Government = GST charged on selling price - GST paid against purchase.
From eqn (2) & (3)
∴ GST paid by B to the Government = 4875 - 2625
∴ GST paid by B to the Government = Rs. 2250
11. Required Reduction = Rs. 1500
Step-by-step explanation:
Final price including 12% GST = 15680
Let the Marked price = X
∴ X + 12%X = 15680
∴ 1.12X = 15680
∴ X = Rs. 14000
∴ Initial Marked price = Rs. 14000
Let Gagan asked for priced reduction of rs.Y.
∴ New Price = 14000-Y
Gst on the new price = (14000-Y) × 12% = 0.12(14000-Y)
As per given condition,
Reduced price (14000-Y) + GST on new price = Marked price
∴ (14000-Y) + 0.12(14000-Y) = 14000
∴ 14000 - Y + 1680 - 0.12Y = 14000
∴ 1680 - 1.12Y = 0
∴ 1.12Y = 1680
∴ Y = 1680 / 1.12
∴ Y = 1500 rs
Required Reduction = Rs. 1500
Answer:
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