Question

A retailer buys a TV from a wholesaler for Rs. 40000. He marks the price of TV 15 % above his cost price and sells it to a
consumer st 5% discount on the market price. If the sales are intra-slate and the rate of GST IS 127 find:
E the market price of the TV
E the amount which the consumer pays for the IV
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

Step-by-step explanation:

retailer buys a TV from a wholesaler for Rs. 40000. He marks the price of TV 15 % above his cost price and sells it to a

consumer st 5% discount on the market price. If the sales are intra-slate and the rate of GST IS 127 find:

E the market price of the TV

E the amount which the consumer pays for the IV

iii, the amount of tax (under GST) paid by the retailer to the Central Government.

iv. the amount of tax

retailer buys a TV from a wholesaler for Rs. 40000. He marks the price of TV 15 % above his cost price and sells it to a

consumer st 5% discount on the market price. If the sales are intra-slate and the rate of GST IS 127 find:

E the market price of the TV

E the amount which the consumer pays for the IV

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