Question

6.a) A shopkeeper buys a TV from a wholesaler for Rs.25000. He marks the price of TV 20% above the cost price and
sells it to a consumer at 10% discount on the marked price. If the sales are intra- state and the rate of GST is 18%, find
i) Marked price of TV.
ii) the amount of GST paid by the shop keeper to the Central Government
iii) the amount of GST paid the shopkeeper to the State Government
iv) the amount paid by the consumer for the TV​

Answer 1

Answer:

1) price of TV is 20*25000/100=30000

2) amount of GST paid by shop keeper 5400

3) amount of GST paid by shopkeeper to stat gov. is 2700

4) 32400