Question

A is a manufacturer of T.V. sets in Delhi. He
manufacturers a particular brand of TV. set and
marks it at Rs. 75,000. He then sells this T.V. set to a
wholesaler B in Punjab at a discount of 30%. The
wholesaler B raises the marked price of the IV. set
bought by 30% and then sells it to dealer C in Delhi. If
the rate of GST = 5% find tax (under GST) paid by
wholesaler 8 to the government​

Answer 1

Answer:

tax(under GST) paid by wholeseller B to the Government = Rs. 2250

Step-by-step explanation:

Given:marked price by Manufacturer A = Rs. 75,000

Wholeseller B bought the TV at a discount 30%

Solution :

➠ Purchase price of B = 75000 - 30% of 75000

➠ Purchase price of B = Rs. 52500 .... (1)

➠ GST paid by the B for purchase = 5% of the purcahse price

➠ GST paid by B on purcahse = 52500 × 5 ÷100

➠ GST paid by B on purchase = Rs. 2625 ...(2) Seller B sells TV by changin marked price to 30% more than previous.

➠ Selling price of B = 75000 + 30% of 75000

➠ Selling price of B = Rs. 97500 .... (3)

GST charged by B on selling of TV = 5% of selling price

➠ GST charged by B on selling of TV = 97500 ×5 ÷ 100 ..... (4)

➠ GST charged by B on selling of TV = Rs. 4875 ..... (4)

GST paid by B to the Government = GST charged on selling price - GST paid against purchase. From eqn (2) & (3)

➠GST paid by B to the Government

➠ 4875 - 2625

➠GST paid by B to the Government = Rs. 2250

Answer 2

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Here, two purchases are happening. A sells it to C. We need to find the tax paid by B to the government. This will be equal to the difference of tax paid by B when purchasing T.V. from A and tax charged by B when selling T.V. to C.

◉ FORMULA USED:-

For selling an article,

$: \longrightarrow \bf{Discount = Marked price - Selling price}$

For buying an article,

$: \longrightarrow \bf{Discount = Marked price - cost price }$

◉ GIVEN:-

given that initially A sets a marked price of RS. 75,000 and he sells it to be a discount of 30%.

Therefore, the discount B got

$= \frac{30}{100} \times 75000$

$= 30 \times 750 = 22500$

For buying an article,

Discount = Marked price - Cost price

✔️ Cost price of B = Marked price - discount.

✔️ CP of B =75,000 -22,500 = 52,500

So, the GST paid by B for this purchase will be 5% of the cost price.

$\longmapsto \: GST \: paid \: by\: B = \frac{5}{100}\times 52500$

$\longmapsto \: 5 \times 525 = \pink{2625}$

This gives B paid GST of Rs. 2625.

Now, B sells T.V. by increasing the marked price by 30%.

Then the selling price of B is equal to sum of initial marked price and 30% of initial marked price.

Initial marked price is equal to Rs. 75000.

Therefore, the marked price set by B

$75000 + 30% \: of \: 75000$

Therefore,

Marked price set by B =

$\leadsto \: 75000 + \frac{30}{100}$

$\leadsto \: 75000 + 22500$

$\leadsto \: \bf \purple{97500}$

Also given that B sells the T.V. set to C.

Here, there is no information about any discount made by B. So we can assume the selling price of B (which is equal to the cost price of C) is the same as the marked price.

So, GST charged by B on selling T.V. will be 5% of this marked price.

GST charged by B =

$\leadsto \: 5 \% = \frac{5}{100} \times 97500$

$\leadsto \: 5 \times 975$

$\leadsto \: \bf \blue{ 4875}$

We are asked to find the GST paid by B to the government.

This will be equal to the difference to GST charged by B on selling TV to C and GST paid by B when buying TV from A.

GST paid by B to government =

$\leadsto \: 4875 - 2625$

$\leadsto \bf \red{2250}$

the answer is Rs. 2250.