The printed price of an article is Rs.50000.The wholesaler allows a discount of 10% to the shopkeeper. The shopkeeper sells the article to a cusumer at 4% above the marked price.If the sales are intra-state and the rate of GST is 18%,find
1.the amount inclusive of tax(under GST) which the shopkeeper pays for the article.
2.the amount paid by the consumer for the article.
3.the amount of tax(under GST) paid by the shopkeeper to the Central Government.
4.the amount of tax(under GST) received by the State government.
Please explain and solve this sum.
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The shopkeeper sells the article to a consumer at 4% above the marked price. IF the sales are intra-state and the rate of GST is 18%, Find: The amount of tax .
Step-by-step explanation:
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