Question

The MRP of an article is rupees 5,000 a dealer buy it at a discount of 20% he sell it to a customer in the same city at a discount of 5% find the total amount paid by the customer and the net GST paid by the dealer to the government if GST is charged at 12%

Answer 1

Answer:

Amount paid by the customer = 4750 Rs.

GST paid by the dealer to the governement = 480 Rs.

Step-by-step explanation:

MRP of the article = Rs. 5000

Discount = 20%

The dealer bought it in = 5000 - 5000 × 20/100 = 5000 - 1000 = 4000 Rs.

GST Paid = 12% of 4000 = 4000 × 12/100 = 480 Rs.

Amount paid by the customer = 5000 - 5000 × 5/100 = 5000 - 250 = 4750 Rs.

Hope this answer is helpful.

Answer 2

Answer:

MRP = 5000Rs

Discount = 20%

Step-by-step explanation:

CP = 5000 - 20 ×5000/100 = 4000Rs

SP = 5000 - 5 × 5000/100 = 4750Rs

CGST = 1/2 × 12/100 × 4750= 285Rs

SGST = 1/2 × 12/100 × 4750= 285Rs

1) Total amount paid by the customer =

= 4750 + 285 + 285

= 5320Rs

Input CGST = 1/2 × 12/100 × 4000 = 240Rs

SGST = 1/2 × 12/100 × 4000 = 240Rs

Output CGST = 1/2 × 12/100 × 4750 = 285 Rs

CGST = 1/2 × 12/100 × 4750 = 285Rs

3) Net GST paid by the dealer to the government=

CGST= 285Rs - 240Rs = 45Rs

SGST = 285Rs - 240Rs = 45Rs