4. The MRP of an article is 5,000. A dealer buys it at a discount of
an article is 5,000. A dealer buys it at a discount of 20%. He sells it to a customer in
e same city at a discount of 5%. Find (i) the total amount paid by the customer and (11) the net
GST paid by the dealer to the government if GST is charged at 12%.
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Given :
The MRP of an article is 5,000.
A dealer buys it at a discount of 20%.
He sells it to a customer in same city at a discount of 5%.
To Find :
Find (i) the total amount paid by the customer
ii) the net GST paid by the dealer to the government if GST is charged at 12%.
Solution:
MRP of an article = 5000
A dealer buys it at a discount of 20%.
Cost for dealer = 5000-0.2(5000)=4000
He sells it to a customer in same city at a discount of 5%.
Cost for customer = 5000-0.05(5000)=4750
Rate of GST = 12%
Amount of GST =0.12(4750)=570
Cost for customer including GST = 4750+0.12(4750)=5320
Hence the total amount paid by the customer is Rs.5320 and the net GST paid by the dealer to the government if GST is charged at 12%. is Rs.570
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