A manufactures a TV in Mumbai (Maharashtra) sells it to a dealer in Nasik (Maharashtra) for a rebate of 25%, the list price of the TV being ₹ 40,000. If the rate of GST is 18%, and the net CGST payable by the dealer is ₹ 540, find the discount% given by the dealer to the customer in Nasik.
Answers
Given : A manufactures a TV in Mumbai (Maharashtra) sells it to a dealer in Nasik (Maharashtra) for a rebate of 25%, the list price of the TV being ₹ 40,000. If the rate of GST is 18%, and the net CGST payable by the dealer is ₹ 540,
To find : the discount% given by the dealer to the customer in Nasik.
Solution:
List price = Rs 40000
rebate of 25% = (25/100)40000 = Rs 10000
Selling Price = 40000 - 10000 = Rs 30000
GST = 18 % => CGST = SGST = GST/2 = 18/2 = 9 %
CGST = SGST = (9/100)30000 = Rs 2700
net CGST payable by the dealer is ₹ 540
=> CGST charged by Dealer = 2700 + 540 = Rs 3240
Let say selling price to customer = x
=> (9/100)x = 3240
=> x = 36000 Rs
Discount = 40000 - 36000 = Rs 4000
Discount % = (4000/40000) * 100 = 10 %
10 % discount given by the dealer to the customer in Nasik.
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