Question

The M.P. of an article = Rs 20000 and rate of GST = 28%. A shopkeeper buys this article at a
reduced price and sells it at M.P. If the shopkeeper paid RS 308 as CGST to the government, find
the amount (inclusive of GST) paid by the shopkeeper.
ansaction of goods / service.​

Answer 1

Answer:

with out 28% artical price 15625 and government tax 4375

Answer 2

Given:

The M.P. of an article $Rs 20000$ and rate of GST = $28$%.

To find:

The required rate of discount.

Step-by-step explanation:

list price of an article= $R_{s}$ $20000$

Let the rate of discount given by wholesaler $=x$%

discount = $x$% of $Rs.20000$

$=\frac{x}{100} *Rs.20000$

$=Rs.20x$

CP of an article for shopkeeper=$Rs.20000-Rs.20x$

It is given that, CP of article for consumer=$Rs.20000$

$CGST=SGST=28%$%

$=\frac{28}{100} *(Rs.20000-Rs.20x)$

Amount of GST paid by the consumer to the shopkeeper

$=\frac{28}{100} *Rs.20000$

$=Rs.5600$

the tax paid by shopkeeper to state government

$=Rs.5600-\frac{28}{100} (Rs.20000-Rs.20x)$

Tax paid by the shopkeeper to state government=$Rs.56$

$=56-5600-\frac{28*20}{100} (100-x)$

$5600-56=\frac{560}{100}*(100-x)$

$5544=\frac{560}{100}(100-x)$

$100-x=\frac{5544*100}{560}$

$100-x=990$

$x=990-100$

$x=890$

Answer:

Therefore, the rate of discount is 89%.