NumericalModerate1.5 marks
9(a)
A dealer buys an article at a discount of 30% from the wholesaler, the marked price being Rs. 6000. The dealer sells it to a shopkeeper at a discount of 10% on the marked price. If the rate of VAT is 6%, find
The price paid by the shopkeeper including the tax.
Topic: GST / tax calculation
Previous-year question practice database
Answer
Exam answer
Marked price = ₹6,000.
Dealer sells to shopkeeper at 10% discount: Selling price before VAT = 6000 × 90/100 = ₹5,400.
VAT at 6% = 5400 × 6/100 = ₹324.
Price paid by shopkeeper = 5400 + 324 = ₹5,724.
Answer: ₹5,724.
Explanation
The shopkeeper pays VAT on the dealer's selling price after the 10% discount.
More from GST [Goods and Service Tax]
The marked price of a refrigerator is ₹ 12,000 and GST paid by the customer is ₹ 2,160. The rate of GST is:2026discounted price of the TV set.2026amount paid by the customer to clear the bill.2026The marked price of an article is ₹1,375. If the CGST is charged at a rate of 4%, then the price of the article including GST is:2025Refer to the given bill. A customer paid ₹2,000 (rounded off to the nearest ₹10) to clear the bill.
Note: 5% discount is applicable on an article if 10 or more such articles are purchased.
Check whether the total amount paid by the customer is correct or not. Justify your answer with necessary working.2025For an Intra-state sale, the CGST paid by a dealer to the Central government is ₹120. If the marked price of the article is ₹2000, the rate of GST is:2024