Question

9. A wholesaler buys a machine from the manufacturer for 25000. He marks the price of the
machine 20% above his cost price and sells it to a retailer at 10% discount on the marked
price. If the rate of CST is 18% and assuming that all transactions occur within the same
state, calculate
(i) the marked price of the machine
ii) retailers cost price inclusive of GST
(iii) the CGST and SGST payable by the wholesaler to the government[solve the (iii) part ]​

Answer 1

Ans.

1. marked price - 30000 rs
2. Retailers cost price inclusive of Gst - 31806 rs

Answer 2

Answer:

Step-by-step explanation:

A wholesaler buys a m/c from manufacture for Rs.25,000

i.e, cp of m/c for wholesaler is Rs.25,000

Marked price of m/c is 25000+25000*20/100

=25000+5000

=Rs . 30,000

Discount=10%

Cp of m/c for retailer=30,000-10/100*30,000

=30,000-3000

=Rs.27000

Retailers cp inclusive GST=27000+27000*18/100

=27000+4860

=31860