Question

*(a) A shopkeeper buys an article whose marked price is 8000 at some rate
of discount from a wholesaler. He sells the article to a consumer at the
marked price. If the shopkeeper pays a tax of 372 to the Central Government;
find the rate of discount at which he bought the article from the wholesaler.
The sales are intrastate and the rate of GST is 18%.​

Answer 1

Answer:

5%

Step-by-step explanation:

list price of article = Rs 8000

Discount Rate = x %

Discount = (x/100)8000 = 80x

Price after Discount = 8000 - 80x

18% GST  = (18/100)(8000 - 80x)

Shopkeeper sells the article to a consumer at the list price

=> GST received  =  (18/100)8000

GST paid by shopkepper to government =  (18/100)8000 -  (18/100)(8000 - 80x)

= (18/100) * 80x

= 144x/10

144x/10 = 72

=> x = 720/144

=> x = 5