Question

An article is marked at 25000 and the rate of GST is 5%. A trader buys it at a discount and sells it to a customer at MP. If the trader pays 60 as GST to the Government, find (i) What per cent of discount does the trader get? The total money paid by the trader including tax to buy the article?​

Answer 1

Answer:

Given :

An article is marked at ₹ 5000 and the rate of GST is 5%.

A trader buys it at a discount and sells it to a customer at MP. If the trader pays 60 as GST to the Government,

To find :

(i) What per cent of discount does the trader get?

(ii) The total money paid by the trader including tax to buy the article?

Solution:

Trade pay Rs 60 as GST

Amount at which GST paid is Equal to Discount  Tader has got

GST = 5 %

= (5/100) Discount = 60

=> Discount = 1200

% of discount = (1200/5000) * 100

= 24 %

MP = 5000

Discount = 1200

Price = 5000 - 1200 = 3800

GST =  (5/100)3800  = 190

Amount Paid by trader including GST = 3800 + 190  = 3990

Discount trader get = 24 %

Total money paid by the trader including tax to Buy the article = Rs 3990

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