Plz solve the above question on GST
Answers
Answer:
Marked Price = ₹1,200
Cost Price = ₹1,200-1200×10/100
= ₹1,080
Selling Price = ₹1,200
GST = 6%
(i)Amount at which wholeseller sells the article = C.P. = ₹1,080
Gst paid by wholeseller = ₹1,080×6/100
= ₹64.8
(ii)Amount paid by the customer = M.P.+M.P.×6/100
= ₹1,200+₹1,200×6/100
= ₹1,200+₹72
= ₹1,272
Step-by-step explanation:
In (i)
GST is paid by wholeseller which is taken from shopkeeper, while selling the article at ₹1,080 i.e. ₹64.8.
In (ii)
The customer pays the S.P. and the GST at S.P. i.e.₹72. So, total amount paid by customer is ₹1,272. The shopkeeper takes the amount of GST paid by himselef to the wholeseller from the customer too. And thus, total GST Is paid by customer's pocket.