Question

A shopkeeper buys an article at a discount of 20% and pays GST at the rate of 12%.The shopkeeper sells the article to a customer at the printed price and charges GST at the rate. If the printed price of the article is 5000, find (i) the price paid by the shop including GST and (i) the final price paid by the customer (iii) the CGST & SGST paid by the shopkeeper

Answer 1

Answer:

Discount provided is 20%

Discount amount on printed price = 20% of 4000=20/100 x 4000=Rs. 800

Cost price for the article = Rs. 3200

G S T equals 12 percent sign space o f space 3200 equals 12 over 100 cross times 3200 equals R s. space 384

P r i c e space o f space t h e space a r t i c l e space i n c l u d i n g space G S T space equals space 3200 plus 384 equals R s. space 3584