Question

The printed price of an article is ₹ 120000. The manufacturer allows a discount of 25% to wholesaler. The wholesaler allows a discount of 12% to retailer on the marked price. The retailer sells it to consumer at 5% above the printed price. If all the sales are intra-state and the rate of GST is 18%, find (1) The amount which the consumer pays for the article. (2) The amount of GST paid by wholesaler to the central government. (3) The amount of GST paid by retailer to the state government. (4) The amount of GST received by the central government. *

Answer 1

Answer:

1 ) 120000×5/100=126000

2) 120000×25/100=30000

Cost price of wholesaler=120000-30000=90000.

gst amount=90000×18/100=16200