Question

a manufacturer marks an article at Rs.5000.He sells this article to a wholesaler at the discount of 25% on a marked price and the wholesaler sells to a retailer at a discount of 15% on a marked price .If a retailer sells to a consumer at the printed price and the sales are intra state with the rate of GST at 18% . Calculate. 1.the total amount (inclusive of tax ) paid by the consumer for the article. 2.the amount of tax ( under GST) paid by the wholesaler to the state government. 3.the amount of tax ( under GST ) received by the central government from the retailer​

Answer 1

Answer:

1) 5000

2) 675

3) 765

Step-by-step explanation:

consumer buys at the marked rate

Answer 2

1 )the total amount (inclusive of tax ) paid by the consumer for the article = 3761.25 Rs

2 ) The amount of tax ( under GST) paid by the wholesaler to the state government = Rs 573.75

3) The amount of tax ( under GST ) received by the central government from the retailer​ = Rs 573.75

Step-by-step explanation:

Price of article is = Rs 5000

1)  wholesaler at the discount of 25% get article 5000- (5000 *25/100)

 = 5000-1250

 =3750 rs

2) wholesaler sells to a  retailer at a discount of 15%

so   retailer  price = 3750 -( 3750*15/100)

                              =3750-562.50

                               =3187.50 Rs

1 )the total amount (inclusive of tax ) paid by the consumer for the article

= Retailer price + GST

= 3187.50 + (3187.5 * 18/100)

=3187.50+573.75

=3761.25 Rs

2 ) The amount of tax ( under GST) paid by the wholesaler to the state government.   = Rs 573.75

3) The amount of tax ( under GST ) received by the central government from the retailer​   = Rs 573.75