A dealer purchases a TV set-top box for Rs 1,600. GST charged is 18%. If he sells it at a profit of 25 %, find the output tax collected by him if the sale is inter-state
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MRP = 1600 , profit= 25℅, GST=18℅
Profit= 25℅ of 1600 = 25/100×1600= Rs400
Selling price( profit value)= 1600+400= Rs2000
CGST=9℅of 2000= Rs 180
SGST=9℅of 2000= Rs 180
IGST=0
Amount= selling prise + CGST + SGST=2000 +180+180=Rs 2360
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