The MRP of an article is 5000.A dealer buys it at a discount of 20%.He sells it to a customer in the same city at a discount of 5%.Find (1)the total amount paid by the customer and (2)the net GST paid by the dealer to the government if GST is charged at 12%.
(Please use the GST formulas)
(The answer in my textbook is (1)5320 (2)CGST=45 SGST=45)
Please Give me the solution ASAP
Answers
Answered by
9
Answer:
money paid by cuatomer
1=20/100*5000
1=20*50
d=1000 z
discount on arting in first time =1000
5000-1000=4000
now monwy paid by customer=5/100*4000
5*40
200
=4000-200=3800
ANSWERS CAN BE WRONG ALSO AS OF MISPRINT
Answered by
36
you see this
cp of that article is 5000-20/100×5000rs
5000-1000
4000 Rs
discount is 5%
so sp will be 5000-5/100×5000( here you have to take 5000 because if he gives discount in Rs 4000 he will be jn loss so in order to gain profit he will give discount in the marked price that is 5000
4000 Rs
1)
sp+gst
4750+ 12/100×4750
4750+570
5320 RS
2)net gst paid
r/100×sp-r/100×cp
12/100×4750-12/100×4000
570-480
90 Rs
so cgst= 90/2
45 RS
and sgst =90/2
45 RS
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