Question

A shopkeeper buys an article from a manufacturer for Rs. 10,000 and marks up it price by 20%. The shopkeeper gives a discount of 5% on the marked up price and he also gives a further festival discount of 2% on the balance to a customer. If the sales are inter-state and GST rate is 18%, Find:
1.) The price inclusive of tax which the consumer pays to the shopkeeper.
2.) The amount of tax paid by the shopkeeper to State Government.
3.) The amount of tax paid by the shopkeeper to Central Government.

Answer 1

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A shopkeeper buys an article for ₹ 12000 and marks up its price by 25%. The shopkeeper gives a discount of 10% on the marked up price. He gives a further off-season discount of 5% on the balance. But the sales tax (under VAT) is charged at 8% on the remaining price.

Answer 2

Answer:

A shopkeeper buys an article for ₹ 12000 and marks up its price by 25%. The shopkeeper gives a discount of 10% on the marked up price. He gives a further off-season discount of 5% on the balance. But the sales tax (under VAT) is charged at 8% on the remaining price

Step-by-step explanation:

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