ICSE Class 10 Answered

Marked price of an article = Rs. 6000

For the dealer:

Discount = 30%

C.P. = M.P. – 30% of M.P. = Rs. 4200

(i)

For the consumer:

M.P. = Rs. 6,000

Discount = 10%

C.P. = M.P. – 10% of M.P. = Rs. 5400

GST paid by the consumer = 5% of 5400 = Rs. 270

∴ The total amount paid by the consumer for the article = 5400 + 270 = Rs. 5670

(ii)

For the dealer:

Input tax = tax on purchase = 5% of 4200 = Rs. 210

Output tax = GST paid by consumer = Rs. 270

Tax under GST paid by the dealer to the central and state governments

= Output tax – Input tax

= Rs. (270 – 210)

= Rs. 60

So, tax under GST paid by the dealer to the state government is Rs. 30.

(iii)

GST received by the state and central governments = GST paid by the consumer

= Rs. 270