Question

a shopkeeper marks of the price of his goods by 10% above the list price and then after a discount of 5% gst is @12% on the goods find the list price of the goods if the consumer pays ₹1254 as sgst also find the final price consumer has to pay​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

The final price the consumer has to pay is Rs.23,408.

Explanation:

Let the list price of the article be Rs. x

As per the question, goods are marked up by 10%, followed by discount of 5%.

Therefore, taxable amount =

Rs.x $(1 + \frac{10}{100} )(1 - \frac{5}{100} ) = Rs. \frac{209}{200} x$

Given GST @ 12%

Therefore, SGST @ 6%

As per the question,

$\frac{6}{10} \times \frac{209}{200} x = 1254$

$\rightarrow \: \: x = 20000$

Therefore, list price = Rs. 20,000

Therefore, taxable amount = $\frac{209}{200} \times 20000 = Rs. 20,900$

Also, SGST = CGST = Rs. 1254

Therefore, the final price = Rs. (20,900+1254+1254)= Rs.23,408.