the shopkeeper bought a washing machine per 1600 from a dealer sold it to a consumer at a profit of rupees 2500 calculate the task level of the shopkeeper if the rate of GST 28%
Answers
Given: Printed price of washing machine = Rs. 18,000, Rate of discount =20%.
Amount of discount to shopkeeper =
100
20
×18,000
= Rs. 3,600
Shopkeeper's price = Rs. 18,000− Rs. 3,600
= Rs. 14,400
Sales Tax paid by shopkeeper =
100
8
×14,400= Rs. 1,152.
Discount for consumer =
100
10
×18,000= Rs. 1,800
Price for consumer = Rs. 18,000− Rs. 1,800= Rs. 16,200
Tax charged by the shopkeeper =
100
8
×16,200= Rs. 1,296.
Since, Tax paid by the shopkeeper = Rs. 1,152
∴ VAT paid by the shopkeeper = Tax charged − Tax paid
= Rs. 1,296− Rs. 1,152
= Rs. 144
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