Question

4. A dealer buys a washing machine and sells it at a profit of 25%. GST is charged at 18% and the sale
is inter-state. If a customer pays a total amount of 17,700, including GST, what was the cost price
for the shopkeeper? What net tax did he pay the government?​

Answer 1

Answer:

Step-by-step explanation:

first we need to add the percentages because both the of them showed increase in price.

25% + 18% = 43%

lets for an equation

x = original price

17q

Answer 2

Answer:

Rs.12,000 Rs. 540

Step-by-step explanation:

Let the cost price of the washing machine is x

IGST input = 18% of x

$= \frac{9}{50} x$

Profit made by shopkeeper = 25%

SP of washing machine

$= x(1 + \frac{25}{100} )$

$= \frac{5}{4} x$

Output IGST = 18% of SP

$= \frac{18}{100} \times \frac{5}{4} x$

$= \frac{9}{40} x$

Therefore, total amount paid by the customer

$= \frac{5}{4} x + \frac{9}{40} x$

$= \frac{59}{40} x$

A/Q,

$\frac{59}{40} x = 17700$

$= > x = 17700 \times \frac{40}{59}$

$= > x = 300 \times 40 = 12000$

So,the cost price of the shopkeeper =Rs. 12,000

Net GST paid to the Government

= Output IGST - Input IGST

$= \frac{9}{40} x - \frac{9}{50} x$

$= \frac{45x - 36x}{200}$

$= \frac{9}{200} x$

$= \frac{9}{200} \times 12000$

= Rs. 540