The printed price of an article is ₹50000.A wholesaler in Madhya Pradesh buys
an article from a manufacturer in Karnataka at a discount of 10% on the printed
price. The wholesaler sells the article to retailer in Tamilnadu at 5% above the
printed price. If the rate of GST is 18%, Find:
I)The amount of tax (under GST) paid by the wholesaler and the retailer,
(ii)The amount of tax (under GST) received by the central Government.
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The printed price of an article is ₹50000.A wholesaler in Madhya Pradesh buys
an article from a manufacturer in Karnataka at a discount of 10% on the printed
price. The wholesaler sells the article to retailer in Tamilnadu at 5% above the
printed price. If the rate of GST is 18%, Find:
I)The amount of tax (under GST) paid by the wholesaler and the retailer,
(ii)The amount of tax (under GST) received by the central Government.
Step-by-step explanation:
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