An article is marked at 15000. A dealer sells it to a consumer at 10% profit. If the rate
of GST is 12%, find:
(1) the selling price (excluding tax) of the article.
(11) the amount of tax (under GST) paid by the consumer.
(iii) the total amount paid by the consumer.
Answers
Given : An article is marked at 15000. A dealer sells it to a consumer at 10% profit. If the rate of GST is 12%
To Find : the selling price (excluding tax) of the article.
the amount of tax (under GST) paid by the consumer.
the total amount paid by the consumer.
Solution:
article is marked at 15000 Rs
profit = 10 %
Profit = (10/100) * 15000 = Rs 1500
Selling price (excluding tax) of the article. = 15000 + 1500 = Rs 16500
GST is 12%
GST = (12/100) * 16500 = Rs 1980
amount of tax (under GST) paid by the consumer. = Rs 1980
total amount paid by the consumer. = 16500 + 1980
= Rs 18480
the total amount paid by the consumer. = Rs 18480
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