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.
Answers
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 = ₹
= ₹()
=₹48000
The cost price of the machine for the dealer= ₹
=₹
=₹54000
The profit of the wholesaler is =₹ (54000-48000)
=₹6000
Therefore the tax paid by the wholesaler is =₹
= ₹1680
Answer:
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