A manufacturer in a firm manufactures a machine and
marks it at Rs 80,000. He sells the machine to a
whole seller (in Gorakhpur) at a discount of 20%. The
wholesaler sells the machine to a dealer (in Mathura)
at a discount of 15% on the marked price. If the rate
of GST is 28%, Find the tax paid by the whole seller
to central government.
Answers
Step-by-step explanation:
Therefore the tax paid by the wholesaler is= ₹1680
Step-by-step explanation:
Given, A manufacture in delhi manufacture a machine and marks it at ₹ 6000. He sells the machine to a wholesaler at a discount of 20% . The wholesaler sells the machine to a dealer at a discount of 10% on the marked price.
The rate of GST is 28%.
The cost price of the machine for the wholesaler is = ₹[60000 \times \frac{(100-20)}{100} ][60000×
100
(100−20)
]
= ₹(60000 \times \frac{80}{100}60000×
100
80
)
=₹48000
The cost price of the machine for the dealer= ₹ [60000\times \frac{(100-10)}{100} ][60000×
100
(100−10)
]
=₹ (60000\times \frac{90}{100} )(60000×
100
90
)
=₹54000
The profit of the wholesaler is =₹ (54000-48000)
=₹6000
Therefore the tax paid by the wholesaler is =₹(6000\times \frac{28}{100})(6000×
100
28
)
= ₹1680
hope helpful
Therefore the tax paid by the Whole seller to the Central government is Rs. 15,252/-
Given:
Marked Price of a machine by a manufacturer = Rs. 80,000/-
Discount allowed to sell the machine to a Whole seller = 20%
Discount allowed to sell the machine to a dealer = 15%
Percentage of GST = 28%
To Find:
The tax is paid by the whole seller.
Solution:
The given question can be answered as shown below.
Given that,
Marked Price of a machine by a manufacturer = Rs. 80,000/-
Discount allowed to sell the machine to a Whole seller = 20%
Discount allowed to sell the machine to a dealer = 15%
Percentage of GST = 28%
Machine sold by the manufacturer to the Whole seller:
Discount allowed = 20%
Selling Price of the machine = SP₁ = ( 100 - 20 )/100 × 80,000 = 0.2 × 80,000 = 64,000
Hence Selling Price of the machine by the Manufacturer is RS,64,000.
Machine sold by the Whole seller to the Dealer:
Discount allowed = 15%
Selling Price of the machine = SP₂ = 0.85 × 64,000 = 54,400
Hence Selling Price of the machine by the Dealer is Rs. 54,400.
Then Tax paid by the Whole seller = 28% × SP₂ = 0.28 × 54,400 = 15,252
Therefore the tax paid by the Whole seller to the Central government is Rs. 15,252/-
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