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Question
The marked price of an article is Rs. 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.
Solution
The initial marked price by manufacturer A is Rs. 6000.
B bought the T.V. at a discount of 20%.
Cost price of B = 80% of 6000
= `80/100 xx 6000`
= Rs. 4800 ...(i)
GST paid by B for purchase = 18% of 4800
= `18/100 xx 4800`
= Rs. 864 ...(ii)
B sells T.V. at a discount of 10% of the marked price.
Selling price for B = 6000 – 10% of 6000
= `6000 - 10/100 xx 6000`
= 6000 – 600
= Rs. 5400 ...(iii)
GST charged by B on the selling of T.V. = 18% of 5400
= `18/100 xx 5400`
= Rs. 972 ...(iv)
GST paid by B to the government = GST charged on selling price - GST paid against purchase price
= 972 - 864
= Rs. 108
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