Question

-) An article is marked at 215000. A dealer sells it to a consumer at 10% profit.
If the rate of GST is 12%, find:
(i) the selling price (excluding tax) of the article.
(ii) the amount of tax (under GST) paid by the consumer.
(iii) the total amount paid by the consumer.
ofen.​

Answer 1

Step-by-step explanation:

Marked price of article = 215000

profit = 10%

10% of 215000 = 21500

1. the selling price (Excluding tax)of the article

marked price +profit

215000+21500= 236500.answer

2. the amount of tax(under gst)paid by the consumer

GST = 12%

amount of tax = 12%of 236500

= 28380.answer

3. the total amount paid by the consumer

= 236500+28380

= 274880.answer