Mathematics
The marked price of an article is ₹ 6000. A wholesaler sells it to a dealer at 20% discount. The dealer further sells the article to a customer at a discount of 10% on the marked price. If the rate of GST at each stage is 18%, find the amount of tax (under GST) paid by the dealer to the government.
GST
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Answer
Initial M.P. = ₹ 6000
Dealer bought at 20% discount.
C.P. for dealer = ₹ 6000 - 20% of ₹ 6000
= ₹ 6000 -
= ₹ 6000 - ₹ 1200 = ₹ 4800.
GST paid by dealer for purchase = 18% of ₹ 4800 = = ₹ 864
Dealer sells at discount of 10% on the marked price.
S.P. = ₹ 6000 - 10% of ₹ 6000
= ₹ 6000 -
= ₹ 6000 - ₹ 600
= ₹ 5400.
GST charged by dealer on selling article = 18% of ₹ 5400
= = ₹ 972.
GST paid by dealer to government = GST charged on selling price - GST paid against purchase
= ₹ 972 - ₹ 864
= ₹ 108.
Hence, GST paid by dealer to government = ₹ 108.
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