Question

A shopkeeper buys an article at a discount of 20% from the wholesaler the printed price of the article being Rs.1600 and the rate of GST is 12% .The shopkeeper sells it to the buyer at the printed price and charges tax at the same rate.If the sales are intra state find The price at which the articles can be bought The GST paid by the shopkeeper to the state and the Central Govt.​

Answer 1

Step-by-step explanation:

Printed price=Rs.1600

Discount=20%

Discount price=20% of 1600=

100

20

×1600=Rs.320

Price of camera after discount=1600−320=Rs.1280

rate of sales tax=6%

∴Tax paid by the shopkeeper=

100

6

×1280=Rs.76.80

Shopkeeper Sell it at printed price to the buyer=Rs.1600

Tax paid by the buyer=

100

6

×1600=Rs.96

(i)The price at which the camera can be bought from the shopkeeper=1600+96=Rs.1696

(ii)VAT=tax paid by the buyer-tax paid by the shopkeeper

VAT=96−76.80=Rs.19.20

Answer 2

Answer:

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