Question

Goods and Services Tax:- (Mathematics)
A manufacturer sells a washing machine to a wholesaler for ₹15000. The wholesaler sells it to a trader at a profit of ₹1500 and the trader in turn sells it to a consumer at a profit of ₹1800. If the sales are intra-state and the rate of GST is 18% find:
i)The amount of GST received by the State and the Central Governments on the sale of this machine from the wholesaler and the trader.
ii)The amount that the consumer pays for the machine.

Answer 1

Step-by-step explanation:

Total amount under VAT = 15000 + 1500 + 1800

                                          = 18300

(i) Amount of GST :

VAT = 18% of 18300

       = (18/100) * 18300

      = 3294

(ii) Amount consumer pays:

Consumer pays for machine :

= 18300 + 3294

= 21594

Hope it helps!

Answer 2

Answer:

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