Math, asked by deeptanshuyadav2aug2, 20 days ago

A shopkeeper buys a machine from a retailer for ` 50,000. He marks the price
of the machine 20% above his cost price and sells it to a consumer at 10%
discount on the marked price. If the sales are intra-state and the rate of GST is
12%, find:
(i) the marked price of the machine.
(ii) consumer’s cost price of the machine inclusive of tax (under GST).
(iii) the tax (under GST) paid by the shopkeeper to the Central Government.
(iv) the tax (under GST) paid by the shopkeeper to the State Government.

Answers

Answered by mh4410878
0

Answer:

question 1

For the following transaction within Delhi, fill in the blanks to find the amount of bill :

MRP = Rs. 12,000, Discount % = 30%, GST = 18%

Discount =

Selling price (discounted value) =

CGST =

SGST =

IGST =

Amount of Bill =

Solution 1

MRP = Rs. 12,000, Discount % = 30%, GST = 18%

Discount = 30% of 12,000 = Selina Solutions Icse Class 10 Mathematics Chapter - Gst Goods And Services Tax  

Selling price (discounted value) = 12000 - 3600 = Rs. 8400

CGST = 9% of 8400 = Rs. 756

SGST = 9% of 8400 = Rs. 756

IGST = 0

Amount of Bill = Selling price + CGST + SGST  = 8400 + 756 + 756  = Rs. 9912  

Question 2

For the following transaction from Delhi to Jaipur, fill in the blanks to find the amount of bill :

MRP = Rs. 50,000, Discount % = 20%, GST = 28%

Discount =

Selling price (discounted value) =

CGST =

SGST =

IGST =

Amount of Bill =

Solution 2

MRP = Rs. 50,000, Discount % = 20%, GST = 28%

Discount = 20% of 50,000 = Selina Solutions Icse Class 10 Mathematics Chapter - Gst Goods And Services Tax  

Selling price (discounted value) = 50,000 - 10,000 = Rs. 40,000

CGST = 0

SGST = 0

IGST = 28% of 40,000 = Selina Solutions Icse Class 10 Mathematics Chapter - Gst Goods And Services Tax  

Amount of Bill = Selling price + IGST = 40,000 + 11,200  = Rs. 51,200  

Question 3

A computer mechanic in Delhi charges repairing cost from five different persons A, B, C, D and E with certain discounts. The repairing costs and the corresponding discounts are as given below :

Name of the person

A

B

C

D

E

Repairing cost (in Rs.)

5500

6250

4800

7200

3500

Discount %

30

40

30

20

40

 

If the rate of GST is 18%, find the total money (including GST) received by the mechanic.  

Solution 3

 

Name of the person

Repairing cost (in Rs.)

Discount %

Discount

Selling price

CGST (9%)

SGST (9%)

A

5500

30

1650

3850

346.5

346.5

B

6250

40

2500

3750

337.5

337.5

C

4800

30

1440

3360

302.4

302.4

D

7200

20

1440

5760

518.4

518.4

E

3500

40

1400

2100

189

189

Total

 

 

 

18,820

1693.8

1693.8

 

The total money (including GST) received by the mechanic is 18,820 + 1693.8 + 1693.8 = Rs. 22,207.6

Question 4

Find the amount of bill for the following intra-state transaction of goods/services. The GST rate is 5%.

Quantity (no. of items)

MRP of each item (in Rs.)

Discount %

18

150

10

24

240

20

30

100

30

12

120

20

 

Solution 4

 

Quantity

MRP

Total MRP

Discount %

Discounted price

Selling price

CGST 2.5%

SGST 2.5%

18

150

2700

10

270

2430

60.75

60.75

24

240

5760

20

1152

4608

115.2

115.2

30

100

3000

30

900

2100

52.5

52.5

12

120

1440

20

288

1152

28.8

28.8

Total

 

 

 

 

10,290

257.25

257.25

 

Amount of bill = Selling price + GST

= 10,290 + 257.25 + 257.25

= Rs. 10,804.5

Step-by-step explanation:

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