Question

A shopkeeper buys a printer at a discount of 30% on the marked price of Rs. 8000. He sells the printer at marked price. GST charged at each stage is 18%. Find :(i) GST paid by the shopkeeper to the Government.​

Answer 1

Answer:

list price of article = Rs 8000

Discount Rate = x %

Discount = (x/100)8000 = 80x

Price after Discount = 8000 - 80x

18% GST = (18/100)(8000 - 80x)

Shopkeeper sells the article to a consumer at the list price

=> GST received = (18/100)8000

GST paid by shopkepper to government = (18/100)8000 - (18/100)(8000 - 80x)

= (18/100) * 80x

= 144x/10

144x/10 = 72

=> x = 720/144

=> x = 5