14. The manufacturer produces television sets at a cost
of 32,000. He sells it to a distributor at a profit of
2,000, distributor sells it to a wholesaler at a profit
of 2500, and wholesaler sells to a retailer at a profit
of 3,000. Finally retailer sells to consumer at a profit
of 3500 and rate of GST is 18%. Find
(i) the final amount which consumer pays for the
article
(ii) total GST amount.
Answers
i). Rs. 50, 740 is the final amount which consumer pays for the article.
ii). Rs. 7, 740 is total GST amount levied on the article.
Step-by-step explanation:
For Manufacturer
C.P. of the Television = Rs. 32000
Pofit = Rs. 2000
G.S.T. rate = 18%
Tax paid = 32, 000 * (18/100)
= Rs. 5, 760
Tax charged = Rs. 34000 * (18/100)
= Rs. 6, 120
For Distributor
C.P. of the Television = Rs. 34, 000
Profit = Rs. 2500
S.P. = Rs. 36, 500
Tax paid = 34, 000 * 18/100
= Rs. 6,120
Tax charged = 36,500 * 18/100
= Rs. 6,570
For Wholesaler
C.P. of the Television = Rs. 36, 500
Profit = Rs. 3000
S.P. = Rs. 39, 500
Tax paid = 36, 500 * 18/100
= Rs. 6,570
Tax charged = 39,500 * 18/100
= Rs. 7,110
For retailer
C.P. of the Television = Rs. 39, 500
Profit = Rs. 2,500
S.P. = Rs. 43, 000
Tax paid = 39, 500 * 18/100
= Rs. 7,110
Tax charged = 43,000 * 18/100
= Rs. 7740
i). The final amount customer pays = Rs. 43,000(C.P.) + Rs. 7,740
Rs. 50, 740
ii). Total G.S.T = Rs. 7740
Learn more: find the G.S.T.
brainly.in/question/12413748
Answer:
Step-by-step explanation:
C.P. of the Television = Rs. 32000
Pofit = Rs. 2000
G.S.T. rate = 18%
Tax paid = 32, 000 * (18/100)
= Rs. 5, 760
Tax charged = Rs. 34000 * (18/100)
= Rs. 6, 120
For Distributor
C.P. of the Television = Rs. 34, 000
Profit = Rs. 2500
S.P. = Rs. 36, 500
Tax paid = 34, 000 * 18/100
= Rs. 6,120
Tax charged = 36,500 * 18/100
= Rs. 6,570
For Wholesaler
C.P. of the Television = Rs. 36, 500
Profit = Rs. 3000
S.P. = Rs. 39, 500
Tax paid = 36, 500 * 18/100
= Rs. 6,570
Tax charged = 39,500 * 18/100
= Rs. 7,110
For retailer
C.P. of the Television = Rs. 39, 500
Profit = Rs. 2,500
S.P. = Rs. 43, 000
Tax paid = 39, 500 * 18/100
= Rs. 7,110
Tax charged = 43,000 * 18/100
= Rs. 7740
i). The final amount customer pays = Rs. 43,000(C.P.) + Rs. 7,740
Rs. 50, 740
ii). Total G.S.T = Rs. 7740
Learn more: find the G.S.T.