Question

A manufacturer in Delhi manufacturers a Machine and marks it at Rs. 40,000. The Wholsaler (in patana) at a discount of 20% The wholesaler sells the machine to dealer (in Agra) at a discount of 10% on the marked price. If the rate of G.S.T. is 28% find the tax paid by the wholesaler to the central government​

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Questions & Answers

CBSE

Mathematics

Grade 8

Profit and Loss



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A manufacturer in delhi manufactures a machine and marks it at rupees 60000.he sells the machine to a wholesaler(in patna)at a discount of 20% .the wholesaler sells the machine to a dealer (in agra) at a discount of 10% on the marked price .If the rate of gst is28%,find the tax paid by the wholesaler to the central government.



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Hint: The amount paid to purchase an article or the price at which an article is made is known as its cost price and the price at which an article is sold is known as its selling price. A discount is a deduction from the usual price or marked price of something. To discount means to deduct an amount from the actual price. Hence, to solve this question we must apply all the formulas based on the data asked.

Formula used:

 

SP=MP×100−discount100SP=MP×100−discount100

SP is selling price

MP is marked price

Tax paid = tax collected – tax given