Question

A shopkeeper buys a dining table whose list price is 240000 at some price of discount from a
wholesaler. He sells the article to a consumer at the list price and charges GST at the rate of
12%. If the sales are intrastate and shopkeeper has to pay tax of 748 to the state government,
find the rate of discount at which he bought the article from the wholesaler.
Question​

Answer 1

List Price 240000

Discount = x % = (x/100) 240000 = 2400x

Selling price = 240000 - 2400x

12% GST

CGST = SGST = 6 % = (6/100) (240000 - 2400x)

= 6(2400 - 24x)

= 14400 - 144x

Sold at 240000 to the cosumer

CGST = SGST = 6 % = (6/100) 240000

= 14400

GST to be paid to state government

14400 - (14400 - 144x)

= 144x

144x = 748

x = 5.194

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Hope it helps you Anjali................!!