Question

A manufacturer sells binoculars for Rs. 3750 to a wholesaler, who sells it to a rete
at a profit of 12%. The retailer sells it to the consumer at 15% profit. If the rate of
is 18%, find the
i. GST paid by the wholesaler to the Government.
ii. Price paid by the retailer inclusive of tax.
iii. Total GST received by the Government.
iv. Price paid by the customer.​

Answer 1

Answer:

Step-by-step explanation:

Manufacture sells to the wholesaler at ₹ 3750

Rate of GST=8%

∴Tax paid by the wholesaler=8% of 3750

=Rs.300

Cost of wholesaler = 4050

Wholesaler sell the article to retailer at profit of 12%

⇒4050+486=Rs.4536

Rate of GST =8%

∴Tax paid by the retailer=8% of Rs. 4536

=Rs. 363

Price paid by retailer inclusive of tax = 4899

Retailer sells it at 15% profit

=15% of 4899 = Rs. 735

Price paid by customer not inclusive of tax = Rs. 5634

GST is 8%

8% of 5634 = 451

Hence Price paid by customer inclusive of tax = Rs.5634 + 451 = Rs. 6085