An article is marked at rs 15000 a dealer sells it to a customer at 10% profit if rate of gst = 12% find - sp, amt of tax and total amt
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QUESTION:
- An article is marked at rs 15000 a dealer sells it to a customer at 10% profit if rate of gst = 12% find - sp, amt of tax and total amt
ANSWER:
- RS 16500
- RS 1980
- RS 18480
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Answer:
18480
Step-by-step explanation:
(i) Marked price of the article =₹15000
When sold at 10% profit
Profit =(10100)×₹15000=₹1500
Thus, the selling price (excluding tax )=₹15000+₹1500= ₹ 16500
(ii) The rate of GST is 12%
Thus, the amount of tax (GST) paid by the consumer would be
=(12100)×₹16500=₹1980
(iii) Therefore, the total amount paid by the consumer = Selling price + GST
=₹16500+₹1980=₹18480
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