Question

A shopkeeper buys an article whose printed price is Rs.4000 from a wholesaler at a discount of 20% and sells it to consumer at the printed price . If the sales are intrastate and the rate of GST is 12 % find


(i) the price of the article inclusive of GST at which the shopkeeper bought it


(a)3588 (b)3584 (c)3582 (d)3484


(ii)the amount of tax paid by shopkeeper to state goverment


(a) 47 (b)48 (c)58 (d)78


(iii) the amount of tax received by central goverment


(a)240 (b)260 (c)300 (d)230


(iv)the amount which consumer pays for article


(a)4470 (b)4480 (c)4488 (d)5588


INCORRECT ANSWERS WILL BE REPORTED

Answer 1

Step-by-step explanation:

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

Answer 2

Answer: (i)   (b) 3584

Step-by-step explanation:

(i) Discount provided=20% of 4000 = (20/100)*4000 = 800

   cost price of the article = 4000-800 = 3200

    GST=12% of 3200 = (12/100)*3200 = 384

   price of the article including GST = 3200 + 384 = 3584