Question

A product is sold from kanpur to banaras at 12000 and then from banaras to rachi at a profit of 4000 if the rate of gat is 18% find the net gst payable at banaras

Answer 1

Step-by-step explanation:

Question :-

• A product is sold from kanpur to banaras at 12000 and then from banaras to rachi at a profit of 4000 if the rate of gat is 18% find the net gst payable at banaras

Given :-

• A product is sold from kanpur to banaras at 12000
• then from banaras to rachi at a profit of 4000 if
• the rate of gat is 18%

To Find :-

• find the net gst payable at banaras

Solution :-

Supposed the cost price of the product be x. Now,

                x + 0.18 x = 12000

                  x = Rs 10169.50

18 % GST on C.P. is

                     = 0.18 x 10169.5

                     = Rs 1830.51

another GST of product is

                   = 0.18 x 12000

                   = Rs 2160

total GST is    = 2160 + 1830.51

        = Rs 3990.51

Hence the net gst payable at banaras Rs.3990.51