Question

The marked price of an article is rupees 12500 a dealer in kolkata sells the article to a consumer in the same city at a profit of 8% if the rate of gst is 18%find the amount which the consumer pays for the article

Answer 1

Answer:

15930

Step-by-step explanation:

=12500+(12500*8%)

=12500+1000

=13500+(13500*18%)

=13500+2430

=15930

Answer 2

(i)The marked price of the article = ₹12500

When sold at a profit of 8%

Profit = (8/100) x ₹12500 = ₹1000

Thus, the selling price (excluding tax) of the article = Marked price + profit

= ₹12500 + ₹1000

= ₹13500

(ii) The rate of GST = 18%

IGST is not applicable in this case since the dealing is intra state

CGST paid by the dealer to the Central Government = 9% of the selling price

= (9/100) x ₹13500

= ₹1215

And,

SGST paid by the dealer to the State Government = 9% of the selling price

= (9/100) x ₹13500

= ₹1215

(iii) Hence, the total amount which the consumer pays for the article will be

= Selling price + CGST + SGST

= ₹13500 + ₹1215 +

₹1215

= ₹15930

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