Question

A shopkeeper bought an article with market price ₹ 1200 from the wholesaler at

a discount of 10%. The shopkeeper sells this article to the customer on the market

price printed on it. If the rate of GST is 6%, then find:

(i) GST paid by the wholesaler.

(ii) Amount paid by the customer to buy the item.​

Answer 1

(A) GST paid by the whole seller will be equal to $72

(B) Amount paid by the costumer will be $1272

Step-by-step explanation:

We have given market price of the article = $1200

He bought the article at a discount of 10 %

It is given that rate of GST is 6 %

(A) As GST is paid on market price

So GST paid by the whole seller is 6% of $1200

So GST will be equal to $=\frac{1200\times 6}{100}= 72$

(b) Amount paid by the costumer to buy the article = market price + GST = $1200+$72 = $1272

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The market price of an article is Rs 50. If the percentage of discount given on the article is

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Answer 2

Answer:

We have given market price of the article = 1200

He bought the article at a discount of 10 %

It is given that rate of GST is 6 %

(A) As GST is paid on profit of wholesaler

So GST paid by the whole seller is 6% of 10% of 1200 i.e. 6% of 1080

So GST will be equal to 64.8

(b) Amount paid by the costumer to buy the article = market price + GST = 1200+72 = 1272