The marked price of an article is 9000 and rate of GST is 18%. A shopkeeper buys this article at a reduced price and sells it at marked price. If the shopkeeper paid Rs. 162 as CGST to the government, find the amount (inclusive of GST) paid by the shopkeeper
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amount (inclusive of GST) paid by the shopkeeper = Rs 8496
Step-by-step explanation:
Let say Reduced Price at Which shopkeeper Bought article = 100A
CGST = SGST = 18/2 = 9%
CGST = SGST = (9/100)100A = 9A
Amount (inclusive of GST) paid by the shopkeeper = 100A + 9A + 9A = 118A
Sold at Rs 9000
CGST = SGST = (9/100)9000 = Rs 810
shopkeeper paid Rs. 162 as CGST to the government
=> 810 - 9A = 162
=> 9A = 648
=> A = 72
amount (inclusive of GST) paid by the shopkeeper = 118 * 72
= 8496 Rs
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