9 Calculate the following:
1) Purchased Motor Car from Tata & Company worth * 2,00,000 at 18% GST. Find out
amount.
2) Paid Transport charges 10,000 @ 5% GST. Calculate CGST & SGST.
3) Bought goods from Ranjan 10,000 @ 5% GST and 10% cash discount. Calculate
discount.
Received cheque of 90,000 from Kiran in full settlement of his account * 1,00
Calculate discount rate.
5) Sold goods of 1,00,000 at 10%. Trade Discount and 10% cash discount to Ra
received 50% amount by cheque. Calculate the amount of cheque received.
Answers
Step-by-step explanation:
1. solution.
cost of motor car = 200000
rate of GST = 18%
amount of GST = 200000 × 18/ 100
= 36000
the total amount = 200000 + 36000
= 236000
2. solution .
amount of transport charge = 10000
rate of gst = 5%
amount of GST = 10000× 5/100
= 500 rs
CGST = SGST = GST/2
CGST = SGST = 500/2
= 250RS
3.Solution.
cost of goods = 10000
rate of gst = 5%
rare of discount = 10%
amount of discount = 10000 × 10/100
= 1000rs
gst calculate after discount.
4. solution.
total value = 100000
cheque received = 90000
discount = 100000 - 90000
= 10000
rate of discount = 10000 × 100/100000
rate of discount = 10%
5. solution
selling price of goods = 100000
rate of trade discount = 10%
rate of cash discount = 10%
selling after trade discount = 100000 - (100000× 10/100)
Now selling price after T. D = 90000
Selling price after C. D = 90000 - ( 90000 × 10/100)
Selling price after C. D = 81000
50% amount had received
Received amount = 81000× 50/100
Received amount = 40500rs