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A manufacturer sells a mixer to wholesaler for 8500. The wholesaler sell it to trader at profit of 700 and he again sells to customer at profit of 1200. If rate of GST is 18% FIND.......: 1) Amt recieved by govt from manufacturer and whole saler 2) Price paid by customer
Asked by ayush421301 | 30 Jan, 2020, 11:25: PM
S.P. of an article by manufaturer = Rs. 8500 = C.P. for wholesaler
S.P. for wholesaler = 8500 + 700 = Rs. 9200 = C.P. for trader
S.P. for trader = 9200 + 1200 = Rs. 10400 = C.P. for customer
i)
GST paid by manufacturer to the government = 18% of 8500 = 18 x 85 = Rs. 1530
GST paid by the wholesaler = Tax received on sale - tax paid on purchase
= 18% of 9200 - 18% of 8500 = 18 x 92 - 18 x 85 = 18 x 7 = Rs. 126
Amount received by government from manufaturer and whole saler = 1530 + 126 = Rs. 1656
ii)
C.P of an anrticle for customer = Rs. 10400
GST paid by the customer = 18% of 10400 = Rs. 1872
Price paid by the customer = 10400+1872 = Rs. 12272
Answered by Renu Varma | 31 Jan, 2020, 11:12: AM

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