Question

The list price of a Dell laptop is 84,000. The dealer
gives a discount of 20% on the listed price. He
also offers 10% additional discount on the balance.
However, GST @ 28% is charged on Laptop. Find
(i) the taxable amount.
(ii) the total amount of GST the customer has to pay.
(iii) final price he has to pay to the dealer including
GST​

Answer 1

Given:

Original Price of the laptop = 84,000

Discount = 20%

Additional discount = 10%

GST = 28%

To Find:

(1) Taxable amount

(2) GST amount

(3) Final Price

Solution:

STEP 1: Find the 20% discount

100% = 84,000

1% = 84,000 ÷ 100 = 840

20% = 16,800

STEP 2: Find the price after 20% discount

Original Price = 84,000

Price after 20% discount = 84,000 - 16,800 = 67,200

STEP 3: Find the additional 10% discount:

100% = 67,200

1% = 67,200 ÷ 100 = 672

10% = 672 x 10 = 6,720

STEP 4: Find the price after additional discount:

Price = 67,200

Price ater additional 10% discount = 67,200 - 6,720 = 60,480

ANSWER (1) : Taxable amount = 60,480

STEP 5: Find the GST amount:

100% = 60,480

1% = 60,480 ÷ 100 = 604.80

28% = 604.80 x 28 = 16,934.40

ANSWER (2) : GST = 16,934.40

STEP 6: Find the final price

Price = 60,480

GST = 16,934.40

Final Price = 60,480 + 16,934.40 = 77,414,40

ANSWER (2) : FINAL PRICE = 77,414,40

Answer:

(1) : Taxable amount = 60,480

(2) : GST = 16,934.40

(3) FINAL PRICE = 77,414,40