manufacturer sells a refrigerator to a
wholesaler for 30,000. The wholesaler sells
sells it to a customer and makes a profit of
*3000. If GST charged is 18%, find
(1) The total amount of GST received by the
Government on sale of the refrigerator.
(ii) The GST deposited by the wholesaler
with the Government.
(iii) The amount paid by the customer for it.
it to a retailer at a profit of 2000. The retailer
Answers
Given : manufacturer sells a refrigerator to a wholesaler for 30,000. The wholesaler sells it to a retailer at a profit of Rs 2000
retailer sells it to a customer and makes a profit of 3000.
GST charged is 18%
To Find :
(1) The total amount of GST received by the
Government on sale of the refrigerator.
(ii) The GST deposited by the wholesaler
with the Government.
(iii) The amount paid by the customer for it.
it to a retailer at a profit of 2000. The retailer
Solution:
manufacturer sells a refrigerator to a wholesaler for 30,000.
GST = (18/100)30000 = Rs 5400
The wholesaler sells it to a retailer at a profit of Rs 2000
=> Selling Price = Rs 32000
GST = (18/100)32000 = Rs 5760
GST Deposited by whole seller = 5760 - 5400 = Rs 360
retailer sells it to a customer and makes a profit of 3000.
=> SP = 32000 + 3000 = Rs 35000
GST = (18/100)35000 = Rs 6300
Customer Paid = 35000 + 6300 = Rs 41300
Total Amount of GST Received by Government = Rs 6300
Learn More:
4) Mr. Rohit is a retailer. He paid GST of 7 6500 at the time of ...
brainly.in/question/14645938
Tiptop electronics supplied an Ac of 1.5 ton to a company. Cost of ...
brainly.in/question/7142173