The manufacturer sold a TV to a wholesaler at a profit
of 1000, whose manufacturing cost is 15,000. The
wholesaler sold it to a trader at a profit of * 1000. If
the trader sold it to the customer at a profit of 1500.
Find
(1) Total GST collected by the State Government at
the rate of 28%.
(ii) The amount that the customer paid for the TV.
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Answers
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Step-by-step explanation:
Manufacturing cost of T.V. = Rs. 15000
A manufacturer sold T.V, to a wholesaler at a profit of Rs. 1000.
So, Price for wholesaler = 15000+1000 = 16000
A wholesaler sold it to a trader at a profit of Rs. 1000.
So, Price for trader = 16000+1000=17000
A trader sold it to the customer at a profit of Rs. 1500.
so, Price for customer = 17000+1500 = 18500
Rate of GST = 28%
So, Amount of GST would be
= 28/100 * 18500
= 0.28 * 18500
= 5180
So, amount that the customer paid for TV is given by
= 18500 + 5180
= Rs. 23,680
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