Question

Q3. A shopkeeper in Tamil Nadu buys a bike at the price of 40000 from a wholesaler in
Chattisgarh. The shopkeeper sells the bike to a consumer in Tamil Nadu at a profit of
25% on the basic cost price. If the rate of GST is 18%, find:
a. the price of the bike inclusive of tax (under GST) at which the shopkeeper bought.
b. the amount of tax (under GST) paid by the shopkeeper to the Central
Government.
c. The amount of tax (under GST) received by the Central Government.
d. How much does the consumer pay for the bike?​

Answer 1

Answer:

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