Question

a wholesaler A sells machine to retailer B for rupees 5000 and the retailer B sells it to a consumer at a profit of rupees 1000 if the GST rate is 12% calculate the tax liability of the retailer b​

Answer 1

Answer:

Machine:

A sells to B at Rs 5000

B Sells to Cat Rs 5000+1000 =

6000

GST paid by retailer-=6ooox 12/100 = Rs 720

Answer 2

Given :

The wholesaler A sells machine to retailer B for rupees 5000

The retailer B sells it to a consumer at a profit of rupees 1000

The GST percentage rate = 12%

To Find :

The tax  liability of the retailer B

Solution :

As , wholesaler A sells machine to retailer B for Rs 5000

So, Cost price for retailer  B = Rs 5000

Again

The retailer B sells it to a consumer at a profit of Rs 1000

So, Cost price for customer = actual amount + profit amount

i.e  Cost price for customer = Rs 5000 + Rs 1000

                                             = Rs 6000

Now,

The GST tax percentage = 12%

So, The GST amount =  12% of  cost price for customer

                                   = 12 % × Rs 6000

                                   = $\dfrac{12}{100}$ × Rs 6000

                                    = Rs 720

So, The GST amount = Rs 720

Hence, The Tax liability amount of the retailer is Rs 720  . Answer