Question

A dealer buys an article at a discount of 30% from the wholesaler , the m.p.being 6000 .the dealer sells it to a consumer at a discount of 10% on the m.p. if the sales are intra state and the gst is 5% find: amount paid by consumer for article.

Answer 1

Answer:

(i) Amount paid by the consumer is 5200

(ii) Tax paid by the dealer is 240

(iii) Total tax earned by the Government is 480

Step-by-step explanation:

Amount paid by the dealer=6000- 30% of 6000

=6000- (30/100)×6000

=4200

(i) Amount paid by the consumer= 6000- 10% of 6000

=6000- (10/100)×6000

=5200

(ii) Tax paid by dealer to the State Government= 5% of 6000

=(5/100)×6000

=240

(iii) Total tax earned from the article by the Government= 240×2= 480

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