the manufacturer solder TV to a wholesaler at a profit of 1000 whose manufacturing cost is 15000 the wholesaler sold to a trader at a profit of rupees 1000 if the trader sold it to a customer the profit of 1500 find the GST collected by the state government the rate of 28% II the amount and the customer paid for the TV
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Answer:
Since we have given that
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
\begin{gathered}\dfrac{28}{100}\times 18500\\\\=0.28\times 18500\\\\=5180\end{gathered}
100
28
×18500
=0.28×18500
=5180
So, Amount that the customer paid for TV is given by
\begin{gathered}18500+5180\\\\=Rs.\ 23,680\end{gathered}
18500+5180
=Rs. 23,680
Hence, The customer paid Rs. 23680 for T.V.
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