Question

A wholesaler buys a clock from a manufacturer for ·4000. He marks the price of
clock 25% above his cost price and sells it to a retailer at a 10% discount on the
marked price. If the rate of GST is 18%, find the :
a. Marked price
b. retailer's cost price inclusive of tax.
c. GST paid by the wholesaler.​

Answer 1

Answer:

a.marked price = rs 5000

b.retailers's CP inclusive tax = 5310

c.GST paid by the wholesaler = 720

Step-by-step explanation:

I think it is helpful

Answer 2

Step-by-step explanation:

GST on 40000 = (12/100)*40000 = Rs 4800

Total Amount Paid = 40000 + 4800 = Rs 44800

Marked price = 15 % above 40000  without GST

= 40000 + (15/100)*40000 = Rs 46000 without GST

Discount of 5 % = 46000 - (5/100)46000 = RS 43700

Consumer Paid = 43700 + 12%GST

= 43700 + (12/100)43700

=Rs 48994

GST received from Consumer = (12/100)* 43700 =  Rs 5244

GST already paid to whole seller = Rs 4800

Remaining GST to be paid = 5244 - 4800 = Rs 444

Central GST = 444/2 = Rs 222

State GST = 444/2 = ruppess - 222