Question

Q9.
MRP of a product is Rs 235/-
Trade Margin is 15%
Trade Scheme is of 9+1 Free
Dealer Margin is 1.06%
GST is 18%
Case size is of 50 units
There is a slab based incentive of 2.5%
(which is achieved by the dealer & the incentive is calculated before tax)
There is a target based dealer incentive of 1.5%
(dealer achieves 100% of his target & the incentive is calculated before tax)
What is the Net Dealer Price inclusive of GST​

Answer 1

Answer:

Calculate the Net dealer price

Explanation:

The formula for GST calculation:

1. Add GST:

GST Amount = (Original Cost x GST%)/100

Net Price = Original Cost + GST Amount

2. Remove GST:

GST Amount = Original Cost – [Original Cost x {100/(100+GST%)}]

Net Price = Original Cost – GST Amount.

Answer 2

Net dealer prize with GST

Explanation:

• Net price is = Original cost -GST amount
• There are some steps such as:
• Add the GST
• GST Amount = GST% *Original cost +GST Amount
• To remove the GST
• GST Amount = Original Cost - original cost (100/(100+GST %)
• Hence at last you will get the net dealer prize with GST.

Learn more: GST, cost

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