Question

A shopkeeper in Delhi buys an article at the printed price of 24000 from a wholesaler
in Mumbai. The shopkeeper sells the article to a consumer in Delhi at a profit of 15%
on the basic cost price. If the rate of GST is 12%, find:
(i) the price inclusive of tax (under GST) at which the shopkeeper bought the article.
(ii) the amount which the consumer pays for the article.
(iii) the amount of tax (under GST) received by the State Government of Delhi.
(iv) the amount of tax (under GST) received by the Central Government.​

Answer 1

Answer:

A shopkeeper in Delhi buys an article at the printed price of Rs.24000 horn a wholesaler in Mumbai. The shopkeeper sells the article to a consumer in Delhi at a profit of 15% on the basic reel price, if the rate of GST is 12%, Find the amount of tax (under GST) received by the State Government of Delhi

Answer

We have

Amount of IGST for shopkeeper =Rs.2880

SP of an article to consumer = CP of article for shopkeeper + Profit on baisc CP

=Rs.24000+15% of Rs. 24000

=Rs.24000+

100

15

×Rs.24000=Rs.27600

As the shopkeeper sells an article to consumer in Delhi, so this slae is Intra-state sales

Amount of GST collected by shopkeeper from consumer

CGST=SGST=6% of Rs.27600

$$=\dfrac 6{100}\times Rs. 27600=Rs.1656$$

Amount of tax paid by shopkeeper to state govt. =Rs.2880−Rs/1656=Rs.1224

∴ The amount of tax (under GST) received by the State Government of Delhi

=Rs.1565−Rs.1224=Rs432