Math, asked by Anonymous, 4 months ago

A manufacturer sells a wet grinder to a wholesaler for Rs 2500. The wholesaler
sells it to a retailer at a profit of Rs 500 and the retailer sells it to a customer at a
profit of Rs 800. If the rate of GST charged is 12% and all sales are intra-state,
find
(i) the amount of GST received from the wholesaler by the State
Government.
(ii) the amount of GST received from the retailer by the Central
Government.
the price paid by the customer for the wet grinder.

PLEASE GIVE GENUINE ANSWERS

Answers

Answered by knjroopa

Step-by-step explanation:

Given A manufacturer sells a wet grinder to a wholesaler for Rs 2500. The wholesaler sells it to a retailer at a profit of Rs 500 and the retailer sells it to a customer at a profit of Rs 800. If the rate of GST charged is 12% and all sales are intra-state, find

(i) the amount of GST received from the wholesaler by the State

Government.

(ii) the amount of GST received from the retailer by the Central

Government.

the price paid by the customer for the wet grinder.

So a manufacturer sells the wet grinder to a wholesaler at Rs 2500
So GST is 12%
CGST = SGST = GST / 2
= 12/2
= 6%
So CGST = SGST = 6/100 x 2500
= Rs 150
Now wholesaler sells at a profit of Rs 500
So selling amount will be 2500 + 500
= Rs 3000
CGST = SGST = 6/100 x 3000
= Rs 180
So Amount of tax under GST received by state Government will be 180 – 150 = Rs 30
Now the retailer sells it to a customer at a profit of Rs 800
So selling price will be 3000 + 800
= Rs 3800
So CGST = SGST = 6/100 x 3800
= Rs 228
So amount paid by customer will be 3800 + 228 + 228
= Rs 4256
Therefore amount of tax under GST received by central Government will be 228 – 180
= Rs 48

So the price paid by the customer for the wet grinder will be Rs 4256

Reference link will be

https://brainly.in/question/9588893

Answered by harshupatil1006

the answer is rupees 4256

Previous Question

Next Question