Question

4 A dealer buys an article at a discount of 30% from the wholesaler, the marked price
being 6000. The dealer sells it to a consumer at a discount of 10% on the marked
Pprice. If the sales are intra-state and the rate of GST is 5%, find:
(i) the amount paid by the consumer for the article.
(ii) the tax (under GST) paid by the dealer to the State Government.
(iii) the amount of tax (under GST) received by the Central Government.​

Answer 1

Answer:

(i) Amount paid by the consumer is 5200

(ii) Tax paid by the dealer is 240

(iii) Total tax earned by the Government is 480

Step-by-step explanation:

Amount paid by the dealer=6000- 30% of 6000

=6000- (30/100)×6000

=4200

(i) Amount paid by the consumer= 6000- 10% of 6000

=6000- (10/100)×6000

=5200

(ii) Tax paid by dealer to the State Government= 5% of 6000

=(5/100)×6000

=240

(iii) Total tax earned from the article by the Government= 240×2= 480