A dealer is in Jhansi buys some articles worth Rs. 8000. If the rate of GST is 18% find how much will the
dealer pay for the articles bought.
Answers
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Answer:
Rate of discount = 5 % at which shopkeeper bought the article from the wholesaler.
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
Rate of discount = 5 %
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Amount the dealer pays for the articles bought = Rs 9440
Given :
The price of the articles bought = Rs 8000
GST = 18%
To find :
The total amount the dealer pays for the articles bought
Solution :
The price of the articles bought is given.
This is the original cost = Rs 8000
The rate of GST = 18%
Then for articles costing Rs 8000, the GST to be paid
= (18/100) x Rs 8000 = Rs 1440
Therefore the total amount the dealer has to pay
= Rs 8000 + Rs 1440 = Rs 9440
The total amount the dealer has to pay = Rs 9440
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