A shopkeeper buy a camera at a discount of 20% from a wholesaler the printed price of the camera being rupees 1600 the shopkeeper sell it to a consumer at the printed price if the sales are intra State and the rate of GST is 12% find GST paid by the shopkeeper to the central government
Answers
Answer:
Printed price of camera = Rs. 1,600 Discount% = 20% Print price by wholesaler = 1,600 – 20 % of 1,600 Tax charged by the wholesaler = 6% of 1,280 Purchase price for the shopkeeper = Rs. 1,280 + Rs. 76.80 = Rs. 1,356.80 Selling price for the shopkeeper = Rs. 1,600 Tax charged by the shopkeeper = 6% of 1,600 Purchase price for a customer = Rs. 1,600 + Rs. 96 = Rs. 1,696 The price at which the camera can be bought from the shopkeeper is Rs. 1,696. VAT paid by the shopkeeper = Tax charged - Tax paid = Rs. 96 – Rs. 76.80= Rs. 19.20 The VAT (Value Added Tax) paid by the shopkeeper is Rs. 19.20.Read more on Sarthaks.com - https://www.sarthaks.com/144314/shopkeeper-buys-camera-at-discount-of-20-from-the-wholesaler-the-printed-price-the-camera
Step-by-step explanation:
Shopkeeper paid GST Rs. 153.6 to the central government.
Step-by-step explanation:
Since we have given that
Printed price = Rs. 1600
Discount % = 20%
So, the amount of discount would be
So, Amount after discount becomes,
Rate of GST = 12%
So, amount of GST becomes,
Hence, Shopkeeper paid GST Rs. 153.6 to the central government.
# learn more:
A shopkeeper bought a washing machine at a discount of 20% from a wholesaler, the printed price of the washing machine is Rs 18000. The shopkeeper sells it to consumer at a discount of 10% on the printed price. If the sales are intra- state and the rate of GST is 12%. Find i. The price inclusive GST at which the shopkeeper bought the machine ii. The price which the consumer pays for the machine The GST paid by wholesaler to state govt. The GST paid by shopkeeper to state govt. The GST received by the central Govt
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