Question

A retailer purchased an item for ₹ 8,000 from a wholesaler and sells to a customer at 15% profit. The sales are intra-state and the rate of GST 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 intra-state and the rate of GST 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 customer (Intra Sales Transaction) = C.P + Profit

= ₹ 8000 + (15% of ₹ 8000)

= `₹ 8000  + ₹(15/100 xx 8000)`

= ₹ 8000 + 1200

= ₹ 9200

Rate of GST = 10%

CGST = 5% of ₹ 9200

= ₹ `5/100 xx 9200`

= ₹ 460

SGST = 5% of ₹ 9200

= ₹ `5/100 xx 9200`

= ₹ 460

∴ Amount of GST paid by the customer

= ₹ 460 + ₹ 460

= ₹ 920