ICSE Class 10 Answered
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![question image](http://images.topperlearning.com/topper/new-ate/top_mob1683819015145529171447be1170-ac23-4111-b8d7-cfae4be12224.jpg)
Asked by 16032 | 11 May, 2023, 21:00: PM
SP of an article = Rs. 4500
GST = 5% of Rs. 4500 = Rs. 225 = GST received by retailer
GST paid by retailer = Rs. 60
Therefore, GST = GST received by retailer - GST paid by retailer = Rs. 225 - Rs. 60 = Rs. 165
Let the wholesaler sale article to retailer for Rs. y.
Then, GST = 5% of y ![5 over 100 y equals y over 20](https://images.topperlearning.com/topper/tinymce/cache/03e8a2be8fd7f2661facffbd7714e86b.png)
![5 over 100 y equals y over 20](https://images.topperlearning.com/topper/tinymce/cache/03e8a2be8fd7f2661facffbd7714e86b.png)
Now,
GST charged by wholesaler to retailer = Input tax credit
![rightwards double arrow y over 20 equals 165
rightwards double arrow y equals R s. space 3300](https://images.topperlearning.com/topper/tinymce/cache/b06b66a29eabd78f54d4ec11bc848354.png)
Answered by Rashmi Khot | 12 May, 2023, 10:53: AM
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