Question

A dealer buys an article at a discount of 30% from the wholesaler the marked price being ₹6000. The dealer sells it to a consumer at a discount of 10% on the marked price. If the sales are intra state and the rate of GST is 5%,find
1. The amount paid by the consumer for the article
2. The tax paid by the dealer by the central government
3. The amount of tax recieved by the central government

Answer 1

Answer:

Step-by-step explanation:

Given  A dealer buys an article at a discount of 30% from the wholesaler the marked price being ₹6000. The dealer sells it to a consumer at a discount of 10% on the marked price. If the sales are intra state and the rate of GST is 5%,find

1. The amount paid by the consumer for the article

2. The tax paid by the dealer by the central government

3. The amount of tax received by the central government

Given marked price of the article is Rs 6,000

So discount is 30%  

Now price of article that dealer paid to wholesaler will be  

= 6000 – 30 % of 6000

= 6000 – 30/100 x 6000

= Rs 4200

Sales tax paid by dealer = 5% of 4200  

                                         = 5/100 x 4200

                                         = Rs 210

Amount of article including sales tax that dealer bought will be

Rs 4200 + 210 = Rs 4,410

Dealer sells the article at 10% discount to shopkeeper.

So price of the article which shopkeeper paid to the dealer

= 6000 – 10% of 6000

= Rs 5400

Sales tax paid by shopkeeper = 5% of 5400

                                                  = 5/100 x 5400

                                                   = Rs 270

So amount of the article including sales tax will be

                       Rs 5400 + 270 = Rs 5,670

GST is 2.5% = 2.5 / 100 x 5400 = Rs 135

So Rebate will be Rs 105 paid by wholesaler to central Government.

So tax paid by dealer will be 135 - 105 = Rs

Now amount received by Government will be tax paid by wholesaler + dealer = 105 + 30 = Rs 135

So tax received by the central Government will be Rs 135

Answer 2

Answer:

5670

30

135

Step-by-step explanation:

Marked Price = Rs 6000

Discount = 30 %

Selling Price = 6000  - (30/100)* 6000 = Rs 4200

GST = 5 %  

GST = CGST + SGST  ( 5 = 2.5 + 2.5)

CGST = 2.5 %  (goes to Central Government)

CGST = (2.5/100) * 42 = Rs 105  ( Paid to central government by Whole seller)

Deals Sells at 6000 - (10/100)*6000 = Rs 5400

GST = 5%

Price Paid by consumer = 5400 + (5/100)*5400 = Rs 5670

The amount paid by the consumer for the article = Rs 5670

CGST = 2.5 %  = (2.5/100)* 5400 = Rs 135

CGST Rebate = Rs 105 ( Amount paid to central government by Whole seller)

Tax Paid to Central Government by Dealer = Rs 135 - Rs 105 = Rs 30

Tax Paid to Central Government by Dealer = Rs 30

The amount of tax received by the central government = Tax Paid to Central Government by Whole seller + Dealer  =  105 + 30 = Rs 135

The amount of tax received by the central government = Rs 135