Question

A retailer buys a washing machine for Rs 25000. He marks the price of washing

machine 20% above his cost price and sells it to a consumer at 10% discount on the

marked price. If the transactions are intra state and rate of GST is 12 %, find

(i) The marked price of washing machine.

(ii) Consumer’s cost price of washing machine inclusive of tax.

(iii) GST paid by the retailer to the Central and State Government.​

Answer 1

Answer:

iii) Rs.3240

ii)30240