The printed price of an air
conditioner is 40000. The wholesaler allows a discount of 10% on it to the shopkeeper.
The shopkeeper sells the AC to a customer at a discount of 5% on the marked price. GST
is charged at the rate of 28%. The sales are intra-state.
Find
(1) the price inclusive of tax paid by the
shopkeeper.
(ii) the tax paid by the wholesaler to the
State Government.
(iii) the GST paid by the shopkeeper to the
State Government.
(iv) the tax received by the Central
Government.
(v) the total amount paid by the customer
inclusive of tax.
pls answer asap:)
Answers
The total cost of AC for customer is 43776
Amount of Gst is 9576
cgst and sgst are 4788 ... rest is calculation part
Answer:
(1) the price inclusive of tax paid by the shopkeeper = 46,080.
(ii) the tax paid by the wholesaler to the State Government = 11,200.
(iii) the GST paid by the shopkeeper to the State Government = 10,080.
(v) the total amount paid by the customer inclusive of tax = 48,640.
Step-by-step explanation:
- Step-1: The printed or marked price = 40,000.
Wholesaler gives a discount of 10% on printed price.
Discount amount = 40,000 = 4,000.
So, the wholesaler sells the ac at a price of 40,000 - 4,000 = 36,000.
- Step-2: The shopkeeper buys the ac with a price 36,000.
Shopkeeper gives 5% discount on printed price, amount of discount = 40,000 = 2,000
So, the shopkeeper sells the ac at a price of 40,000 - 2,000 = 38,000.
- Step-3: GST is 28%.
The wholesaler will pay the tax = 40000 = 11,200
Tax paid by the shopkeeper = 36,000 = 10,080
The total price paid by shopkeeper = 36,000 + 10,080 = 46,080.
Tax paid by the customer = 38,000 = 10,640
The total price paid by shopkeeper = 38,000 + 10,640 = 48,640.
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