Question

A retailer buys a T.V. from a wholesaler for 240000. He marks the price of the T.V. 162
above his cost price and sells it to a consumer at 5% discount on the marked price
the sales are intra-state and the rate of GST is 12%, find:
(i) the marked price of the T.V.
(ii) the amount which the consumer pays for the T.V.
(iii) the amount of tax (under GST) paid by the retailer to the Central Government
(iv) the amount of tax (under GST) received by the State Government.​

Answer 1

Answer:

242800

Step-by-step explanation:

12/100×240000

12×2400

=2800

=240000+2800