Question

A retailer purchased an item for ₹ 8,000 from a wholesaler and sells to a customer at 15% profit. The sales are inter-state and the rate of GST paid by the customer is 10%. The amount of GST paid by the customer is ______.

विकल्प

• ₹ 460

• ₹ 920

• ₹ 1,840

• ₹ 92

Answer 1

A retailer purchased an item for ₹ 8,000 from a wholesaler and sells to a customer at 15% profit. The sales are inter-state and the rate of GST paid by the customer is 10%. The amount of GST paid by the customer is ₹ 920.

Explanation:

Cost price of an item for Retailer = ₹ 8000

Profit = 15%

Selling price of an item to the customer (Inter State Transaction) = C.P + 15% of C.P.

= `8000 + (15/100 xx 8000)`

= ₹ 8000 + 1200

= ₹ 9200

Rate of GST = 10%

∴ IGST = 10% of ₹ 9200

= `(10/100 xx 9200)`

= ₹ 920

∴ Amount of GST paid by customer is ₹ 920