12 A shopkeeper buys an article whose list price is 8000 at some rate of discount from a
wholesaler. He sells the article to a consumer at the list price. The sales are intra-state
and the rate of GST is 18%. If the shopkeeper pay a tax (under GST) of 72 to the
State Government, find the rate of discount at which he bought the article from the
wholesaler.
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Step-by-step explanation:
Given A shopkeeper buys an article whose list price is 8000 at some rate of discount from a wholesaler. He sells the article to a consumer at the list price. The sales are intra-state and the rate of GST is 18%. If the shopkeeper pay a tax (under GST) of 72 to the State Government, find the rate of discount at which he bought the article from the wholesaler.
- Given list price of the article is Rs 8000
- The shopkeeper sells the article to customer at list price with GST
- = 18 / 100 x 8000
- Let discount rate be a %
- So discount = a/100 x 8000
- = 80 a
- New price after discount will be 8000 – 80 a
- So 18% GST will be 18/100 x (8000 – 80 a)
- Now GST paid by shopkeeper to Government will be
- 18/ 100 x 8000 – 18/100 (8000 – 80 a) = 72
- 18/100 (8000 – 8000 + 80 a) = 72
- 18/100 x 80 a = 72
- 72 a / 5 = 72
- Or a = 5
- Therefore rate of discount is 5%
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Answer:
its quite wrong it will be 10% discount
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