A shopkeeper in Rajasthan buys an article at the printed price of 40000 from a
Wholesaler in Delhi. The Shopkeeper sells the article to a consumer in Rajasthan
at a profit of 25 % on the basic cost price. If the rate of GST is 100
(1) the price of the article inclusive of tax under GST.
(ii) the amount of tax (under GST) paid by the shopkeeper to Government.
(111) the amount of tax (under GST) received by the Delhi to Government.
(iv) the amount of tax (under GST) received by the Central Government.
(v) the amount which the consumer pays for the article.
plzz solve with all steps and clear explanation...
Answers
55000 Rs price paid by consumer
Step-by-step explanation:
A shopkeeper in Rajasthan buys an article at the printed price of 40000 from a Wholesaler in Delhi
GST = 10 %
IGST = (10/100) 40000 = Rs 4000
Receive by central Government by Delhi = Rs 4000
Price inclusive of GST = 40000 + 4000 = 44000 Rs
25 % profit = (25/100)40000 = Rs 10000
Price including profit = 40000 + 10000 = Rs 50000
5% SGST = 5 % CGST = (5/100)50000 = 2500 Rs
Price Paid by consumer = 50000 + 2500 + 2500 = 55000 Rs
the amount of tax (under GST) paid by the shopkeeper to Government.
= 5000 - 4000 = 1000 Rs
the amount of tax (under GST) received by the Central Government.
= 4000 ( IGST) + 500 ( CGST)
= 4500 Rs
Learn more:
A television set was sold by a wholesaler from Amritsar to a dealer in ...
https://brainly.in/question/13338733
A dealer supplied automobile spare parts worth 700000 in interstate ...
https://brainly.in/question/12596761
Step-by-step explanation:
this is the answer copy it
