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GST Calculation

A dealer gets...

Question

A dealer gets a scooty from Maharashtra at ₹60000. He sells it in Gujarat at a profit of 20%. If the GST rate is 12 %, SP in Gujarat including GST is

A

₹82640

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B

₹83420

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C

₹84620

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D

₹80640

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Solution

The correct option is D ₹80640
Cost price of the Scooty = ₹60000

Profit = 20% of ₹60000 = $\frac{20}{100} \times 60000$ = ₹12000

Selling price of the scooty
= ₹60000 + ₹12000 = ₹72000

GST = 12% of ₹72000 = $\frac{12}{100} \times 72000$ = ₹8640
Amount to be paid by the customer including GST in Gujarat
= ₹72000 + ₹8640 = ₹80640

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