Question

11. A retailer buys a T.V. from a wholesaler for 40000. He marks the price of the T.V. 15%
above his cost price and sells it to a consumer at 5% discount on the marked price. If
the sales are intra-state and the rate of GST is 12%, find:
(i) the marked price of the T.V.
(ii) the amount which the consumer pays for the T.V.
(iii) the amount of tax (under GST) paid by the retailer to the Central Government.
(iv) the amount of tax (under GST) received by the State Government.​

Answer 1

Step-by-step explanation:

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