Question

A consumer bought a T.V. from a dealer at a discount of 20% on the marked price of ₹ 40,000. If the rate of GST is 18%, then the tax paid by the consumer is ______.

Options

• ₹ 5760

• ₹ 2880

• nil

• ₹ 7200

Answer 1

A consumer bought a T.V. from a dealer at a discount of 20% on the marked price of ₹ 40,000. If the rate of GST is 18%, then the tax paid by the consumer is ₹ 5760.

Explanation:

Marked price = ₹ 40,000.

After 20% discount the selling price

= 40,000 × 0.80 

=  ₹ 32,000

GST = 18% of ₹ 32,000 

= 0.18 × 32,000

= ₹ 5,760

This is the tax paid by the consumer.