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A manufactures a TV in Mumbai (Maharashtra) sells it to a dealer in Nasik (Maharashtra)for a rebate of 25%, the list price of the TV being ₹ 40,000. If the rate of GST is 18%, and thenet CGST payable by the dealer is ₹ 540, find the discount% given by the dealer to thecustomer in Nasik. |
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Answer» Given : A manufactures a TV in Mumbai (Maharashtra) sells it to a dealer in Nasik (Maharashtra) for a rebate of 25%, the list price of the TV being ₹ 40,000. If the RATE of GST is 18%, and the net CGST payable by the dealer is ₹ 540, To find : the discount% given by the dealer to the customer in Nasik. Solution: List price = RS 40000 rebate of 25% = (25/100)40000 = Rs 10000 Selling Price = 40000 - 10000 = Rs 30000 GST = 18 % => CGST = SGST = GST/2 = 18/2 = 9 % CGST = SGST = (9/100)30000 = Rs 2700 net CGST payable by the dealer is ₹ 540 => CGST CHARGED by Dealer = 2700 + 540 = Rs 3240 Let say selling price to customer = x => (9/100)x = 3240 => x = 36000 Rs Discount = 40000 - 36000 = Rs 4000 Discount % = (4000/40000) * 100 = 10 % 10 % discount given by the dealer to the customer in Nasik. Learn more: a toy is purchased at rs. 1320 including 5%SGST and 5% CGST. the ... Explain the term GST its ADVANTAGES and disadvantages .tax slab of ... |
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