the mrp of an article is 20000. a dealer buys it a discount of 25 % and sells it a discount of 8% to a customer in another state . if gst is charged at 18%,find the total amount paid by the customer and the net gst paid by the dealer to the government.
Answers
Given :-
- the MRP of an article is 20000.
- A dealer buys it a discount of 25 % and sells it a discount of 8% to a customer in another state .
- GST is charged at 18% .
To Find :-
- the total amount paid by the customer .
- The net GST paid by the dealer to the government.
Solution :-
→ Initial marked price of article is = Rs.20000
given that, dealer bought the article at a discount of 25%.
So,
→ Cost price of article = 75% of 20000 = (75 * 20000)/100 = Rs.15,000
Now,
→ GST paid by dealer for purchase = 18% of 15000 = (18 * 15000) / 100 = Rs.2700
Now, we have given that, the dealer sells the article at discount of 8% of marked price in another state.
So,
→ Selling price for customer = 92% of 20000 = (92 * 20000)/100 = Rs.18,400 . (Ans.)
Now,
→ GST charged by dealer on selling of T.V. = 18% of 18400 = (18 * 18400) / 100 = Rs.3312 .
Therefore,
→ GST paid by dealer to the government = GST charged on selling price - GST paid against purchase price = 3312 - 2700 = Rs.612 (Ans.)
Given :-
the MRP of an article is 20000.
A dealer buys it a discount of 25 % and sells it a discount of 8% to a customer in another state .
GST is charged at 18% .
To Find :-
the total amount paid by the customer .
The net GST paid by the dealer to the government.
Solution :-
→ Initial marked price of article is = Rs.20000
given that, dealer bought the article at a discount of 25%.
So,
→ Cost price of article = 75% of 20000 = (75 * 20000)/100 = Rs.15,000
Now,
→ GST paid by dealer for purchase = 18% of 15000 = (18 * 15000) / 100 = Rs.2700
Now, we have given that, the dealer sells the article at discount of 8% of marked price in another state.
So,
→ Selling price for customer = 92% of 20000 = (92 * 20000)/100 = Rs.18,400 . (Ans.)
Now,
→ GST charged by dealer on selling of T.V. = 18% of 18400 = (18 * 18400) / 100 = Rs.3312 .
Therefore,
→ GST paid by dealer to the government = GST charged on selling price - GST paid against purchase price = 3312 - 2700 = Rs.612