Question

A retailer purchased a fan for ₹1500 from a wholesaler and sells it to consumer at 10% profit. If the sales are intra-state and the rate of GST is 12%, then choose the correct option from the given questions: (i) The selling price of the fan by the retailer (excluding tax) is (a) ₹1500 (b) ₹1650 (c) ₹1848 (d) ₹1800 (ii) The selling price of the fan including tax(under GST) by the retailer is (a) ₹1650 (b) ₹1800 (c) ₹1848 (d) ₹1830 (iii) The tax (under GST) paid by the wholesaler by the Central Government is (a) ₹90 (b) ₹9 (c) ₹99 (d) ₹180 (iv) The tax (under GST) paid by the retailer by the State Government is (a) ₹99 (b) ₹9 (c) ₹18 (d) ₹198 (v) The tax (under GST) received by the Central Government is (a) ₹18 (b) ₹198 (c) ₹90 (d) ₹99 (vi) The cost of the fan by the consumer (inclusive of tax) is (a) ₹1650 (b) ₹1800 (c) ₹1830 (d) ₹1848​

Answer 1

Answer:

i) 1650

ii) 1848

iii)180

iv)9

v) 198

vi) 1849

Answer 2

The answers to the given questions are as follows:

(i). The selling price of the fan by the retailer (excluding tax) is -

Answer: 1650, (b).

(ii). The selling price of the fan including tax(under GST) by the retailer is -

Answer: 1848, (c)

(iii). The tax (under GST) paid by the wholesaler by the Central Government is -

Answer: 180, (d).

(iv). The tax (under GST) paid by the retailer by the State Government is -

Answer: 9, (b).

(v). The tax (under GST) received by the Central Government is -

Answer: 198, (b).

(vi). The cost of the fan by the consumer (inclusive of tax) is -

Answer: 1848, (d).