Question

MRP of a product is Rs 155
Trade Margin is 12%
Trade Scheme is 15+1
Dealer Margin is 5% flat
GST is 5%
Dealer retains only 1.5% of his margin and sells of the product to a wholesaler. What is the price of the product to the wholesaler (inclusive of GST)?

Answer 1

quesation

For the following transaction from Delhi to Jaipur, fill in the blanks to find the amount of bill :

MRP = Rs. 50,000, Discount % = 20%, GST = 28%

Discount =

Selling price (discounted value) =

CGST =

SGST =

IGST =

Amount of Bill = ?

Explanation:

solution

MRP = Rs. 50,000, Discount % = 20%, GST = 28%

Discount = 20% of 50,000 = Selina-concise-mathematics-part-ii Solutions Icse Class 10 Mathematics Chapter - Gst Goods And Services Tax  

Selling price (discounted value) = 50,000 - 10,000 = Rs. 40,000

CGST = 0

SGST = 0

IGST = 28% of 40,000 = Selina-concise-mathematics-part-ii Solutions Icse Class 10 Mathematics Chapter - Gst Goods And Services Tax  

Amount of Bill = Selling price + IGST = 40,000 + 11,200  = Rs. 51,200