An article is marked at ₹ 15000. A dealer sells it to a consumer at 10% profit. If the rate of GST is 12%, find:

(i) The selling price (excluding tax) of the article.

(ii) The amount of tax (under GST) paid by the consumer.

(iii) The total amount paid by the consumer.

Open in App

Solution

(i) Marked price of the article $= ₹ 15000$
When sold at $10 %$ profit
Profit $= (\frac{10}{100}) \times ₹ 15000 = ₹ 1500$
Thus, the selling price (excluding tax $) = ₹ 15000 + ₹ 1500 =$ ₹ 16500
(ii) The rate of GST is $12 %$
Thus, the amount of tax (GST) paid by the consumer would be
$\begin{matrix} = (\frac{12}{100}) \times ₹ 16500 = ₹ 1980 \end{matrix}$
(iii) Therefore, the total amount paid by the consumer = Selling price + GST
$\begin{matrix} = ₹ 16500 + ₹ 1980 = ₹ 18480 \end{matrix}$

Suggest Corrections

Similar questions

The printed price of an article is Rs 50000. The wholesaler allows a discount of 10% to a shopkeeper. 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:

(i) The amount inclusive of tax (under GST) which the shopkeeper pays for the articles.

(ii) The amount paid by the consumer for the article.

(iii) The amount of tax (under GST) paid by the shopkeeper to the Central Government.

(iv) The amount of tax (under GST) received by the State Government.

The printed price of a bicycle is $₹ 60000$ . The manufacturer allows a discount of $25 %$ to a dealer Sanjeev. The dealer Sanjeev sells the article to another dealer Mohit at a discount of $12 %$ on the marked price. The dealer Mohit sells it to a consumer at $5 %$ above the printed price. If all the sales are intrastate and the rate of GST is $18 %$ , find
(i) the price of the bicycle inclusive of tax (under GST) paid by dealer Sanjeev.
(ii) the price of the bicycle inclusive of tax (under GST) paid by dealer Mohit.
(iii) the amount in which the consumer pays for the bicycle.
(iv) the amount of tax (under GST) paid by dealer Sanjeev to the Central Government.
(v) the amount of tax (under GST) paid by dealer Mohit to the State Government.
(vi) the amount of tax (under GST) received by the Central Government.

Manufacturer Anshul sells a LG freeze to a dealer Lalit for $₹ 12500$ . The dealer Lalit sells it to a consumer at a profit of $₹ 1500$ . If the sales are intra state and the rate of GST is $12 %$ , find
(i) the amount of tax (under GST), paid by the dealer Lalit to the Central Government.
(ii) how much is the tax amount (under GST) received by the State Government?
(iii) the amount that the consumer pays for the LG Freeze.

A shopkeeper buys an article at a discount of 30% and pays GST at the rate of 5%. The shopkeeper sells the article to a consumer at 10% discount on the list price and charges GST at the same rate. If the list price of the article is Rs. 3,000, find:
(i) the price inclusive of GST paid by shopkeeper.
(ii) the price paid by consumer.
(iii) the VAT paid by the shopkeeper.

For a dealer A, the list price of an article is Rs. 9000, which he sells to dealer B at some lower price. Further, dealer B sells the same article to a customer at its list price. If the rate of GST is 18% and dealer B paid a tax, under GST, equal to Rs. 324 to the government, find the amount (inclusive of GST) paid by dealer B?

Join BYJU'S Learning Program

An article is marked at ₹ 15000. A dealer sells it to a consumer at 10% profit. If the rate of GST is 12%, find: (i) The selling price (excluding tax) of the article. (ii) The amount of tax (under GST) paid by the consumer. (iii) The total amount paid by the consumer.

An article is marked at ₹ 15000. A dealer sells it to a consumer at 10% profit. If the rate of GST is 12%, find:

(i) The selling price (excluding tax) of the article.

(ii) The amount of tax (under GST) paid by the consumer.

(iii) The total amount paid by the consumer.