Question

let A B and C are three traders belonging to different states trader A sells some goods to trader B for rupees 500 and B sells it to C at a profit of rupees 200 find the tax liability of trader B if the rate of GST is 12 percentage​

Answer 1

Answer:88

Step-by-step explanation:

Output tax - input tax

(0.12*50 +0.12*700)

94 - 6

88

Answer 2

Concept Introduction:-

It may be in the form of a word, a symbol, or a figure that reflects the arithmetic value of a quantity.

Given Information:-

We have been given that A B and C are three traders belonging to different states trader A sells some goods to trader B for rupees $500$ and B sells it to C at a profit of rupees $200$.

To Find:-

We have to find that the tax liability of trader B if the rate of GST is $12$ percentage​.

Solution:-

According to the problem

Trader A sells goods to the trader $B=Rs 500$

Trader B sells the same goods to the trader C $&=$A$+$profit $=Rs 200$

$G S T=12\%$

Tax liability of B⇒ Tax of Profit $=$ Rate of GS.T $\times$ profit

$=\frac{12}{100} \times 200\\=240$

Final Answer:-

The tax liability of trader B if the rate of GST is $12$ percentage is $240$.

#SPJ2