Question

c) A shopkeeper buys a machine from a retailer for 50,000. He marks the price
of the machine 20% above his cost price and sells it to a consumer at 10%
discount on the marked price. If the sales are intra-state and the rate of GST is
12%, find:
(1) the marked price of the machine.
consumer's cost price of the machine inclusive of tax (under GST).
(iii) the tax (under GST) paid by the shopkeeper to the Central Government.
(iv) the tax (under GST) paid by the shopkeeper to the State Government.
(11)​

Answer 1

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