Chapter test

Question 1.
Shopkeeper bought a washing machine at a discount of 20% from a
wholesaler, the printed price of the washing machine being 18000.
The shopkeeper sells it to a consumer at a discount of 10% on the
printed price. If the sales are intra – state and the rate of GST is 12%
find:
i) the price inclusive of tax ( under GST) at which the shopkeeper
bought the machine
ii) the price which the consumer pays for the machine
N AT IS
iii) the tax ( under GST) paid by the wholesaler to the state
C N
PY
O C D

government .
O IO
D U AA

iv) the tax ( under GST) paid by the shopkeeper to the state
O
government
ED PR

v) The tax ( under GST) received by the central government

T

Solution:
©

Printed price of the washing machine = 18000

Discount rate = 20%
20
Discount = × 18000
100

= 3600
So, the selling price of the washing machine = 18000 – 3600 = 14400
The rate of GST = 12%
The taxes ( under GST) for the purchase are
12
(2)
SGST = 14400 × = 864
100
 12
(2)
CGST = 14400 × = 864
100

i) hence, the shopkeeper bought the machine at the price = 14400 +

864 + 864 = 16128
iii) the tax ( under GST) paid by wholesaler to state government = 864
now,
the machine is sold to a consumer at 10% discount of the printed rice
10
discount = × 18000
100

= 1800
N AT IS
So, the selling price for the shopkeeper = 18000 – 1800 = 16200
C N
PY
O C D

The taxes ( under GST) for the purchase are

O IO
D U AA

O 12
(2)
SGST = 16200 × = 972
100
ED PR

12
(2)
T

CGST = 16200 × = 972

100
©

ii) thus, the consumer paid a price = 16200 + 972 + 972 = 18144
now,
iv) the tax ( under GST) paid by shopkeeper to state government =
972 – 864 = 108
And,
v) the tax ( under GST) received by the central govt. = 972.
Question 2.
A manufacturer listed the price of his goods at 1600 per article. He
allowed a discount of 25% to a wholesaler who in turn allowed a
discount of 20% on the listed price to a retailer. The retailer the
retailer sells one article to a consumer at a discount of 5% on the
listed price. If the sales are intrastate and the rate of GST is 5% find:
i) the price per article inclusive of tax ( under GST) which the
wholesaler pays.
ii) The price per article inclusive of tax ( under GST) which the
retailer pays.
N AT IS
iii) the amount which the consumer pays for the article
C N
PY
O C D

iv) the tax ( under GST) paid by the wholesaler to the state
O IO
government for the article.
D U AA

O
v) the tax ( under GST) paid by the retailer to the central government
ED PR

for the article.

T

vi) the tax under GST received by the state government .

©

Solution:
i) the listed price per article = 1600
Discount rate from the manufacture = 25%
25
Discount = × 1600 = 400
100

So, the selling price per article to the wholesaler = listed price –
discount
= 1600 – 400
= 1200
The rate of GST = 5%
GST = 5% of 1200
5
× 1200
100

= 60
Thus, the price per article inclusive of tax ( under GST) which the
wholesaler pays = selling price of the manufacture + GST
= 1200 + 60
= 1260
ii) the wholesaler resells at a discount of 20% on the listed price per
article to the retailer
N AT IS
20
× 1600
discount =
C N
PY
O C D

100
O IO
D U AA

= 320 O
So, the selling price of the wholesaler = listed price – discount
ED PR

= 1600 – 320
T

= 1280
©

The rate of GST = 5%

GST = 5% of 1280
5
= × 1280
100

= 64
Thus, the price per article inclusive of tax ( under GST) which he
retailer pays = selling price of the wholesaler + GST
= 1280 + 64
= 1344
iii) further, the retailer resells at a discount of 5% on the listed per
article to the consumer
5
Discount = × 1600
100

= 80
So, the selling price of the wholesaler = listed price – discount
= 1600 – 80
= 1520
The rate of GST = 5%
GST = 5% of 1520
N AT IS
C N
PY
5
O C D

× 1520
O IO
100
D U AA

76
O
ED PR

Thus, the price per article inclusive of tax ( under GST) which the
consumer pays = selling price of the retailer + GST
T
©

= 1520 + 76
1596
iv) the tax ( under GST ) paid by the wholesaler to the state
64−62
Government for the article =
2
4
=
2

=2
v) the tax ( under GST) paid by the retailer to the central government
76−84
for the article =
2
12
=
2
=6
76
vi) the tax ( under GST ) received by the state government = = 38
2

Question 3.
Mukerjee purchased a movie camera for [Link] includes 10%
rebate on the list price and 18% tax ( under GST) on the remaining
price. Find the marked price of the camera.
Solution:
Let the marked price of the camera = 100
N AT IS
Rebate of 10% = 10% discount = 10
C N
PY
O C D
O IO
Remaining ( selling ) price of the camera = 90
D U AA

O
The rate of GST = 18%
ED PR

So, tax (under GST ) = 18% of 90 = 16.2

T

Total cost of the camera = selling price + GST

©

= 90 + 16.2
= 106.20
How,
Given purchase price = 25488
If purchase price is 106.20 then marked price is 100
100
So, if purchase price is 1 then marked price is
106.20

Thus, if purchase price is 25488 then marked price is

100
× 25488 = 24000
106.20
Therefore, the marked price of the movie camera = 24000
Question 4.
The marked price of an article is 7500. A shopkeeper buys the article
from a wholesaler at some discount and sells it to a consumer at the
marked price. The sales are intra – state and the rate of GST is 12% .
if the shopkeeper pays 90 as tax ( under GST) to the state
government, find:
i) the amount of discount.
ii) the price inclusive of tax ( under GST) of the article which the
shopkeeper paid to the wholesaler
N AT IS
Solution:
C N
PY
O C D

The marked price of the article = 7500

O IO
D U AA

O
Let the discount be x%
𝑥
ED PR

Then, discount = × 7500 = 75x

100
T

So, the selling price of the article from the wholesaler = 7500 – 75x
©

The rate of GST = 12%

The tax Under GST paid by the shopkeeper to the state government
= 6% of ( 7500 – 75x) .... (i)
The shopkeeper resells the article at the marked price to a consumer
then, the tax ( under GST) paid by the shopkeeper to the state
government
= 6% of 7500 ....(ii)
Hence, the net tax ( under GST) paid by the shopkeeper to the state
government
= (ii) – (i)
= 6% of 75x
Given that the shopkeeper paid 90 as tax ( under GST) to the state
government
So,
6% of 75x = 90
(6×75)𝑥
= 90
100
90×100
X=
6×75

X = 20
N AT IS
Thus, the discount is 20%
C N
PY
O C D

i) now, the amount of discount = 20% of 7500

O IO
D U AA

20
= × 7500
O
100
ED PR

= 1500
T

ii) the price inclusive of tax ( under GST ) of the article which the
©

shopkeeper paid
to the wholesaler = ( marked price – discount ) + GST
GST = 12% of ( marked price – discount )
12
= × 7500 − 1500
100

= 0.12 × 6000
= 720
Therefore, the price inclusive of tax ( under GST) of the article which
the shopkeeper paid to the wholesaler = 6000 + 720 = 6720
Question 5.
A retailer buys an article at a discount of 15% on the printed price
from a wholesaler. He marks up the price by 10% on the printed price
but due to competition in the market, he allows a discount of 5% on
the marked price to a buyer. If the rate of GST is 12% and the buyer
pays 468.16 for the article inclusive of tax ( under GST), find
i) The printed price of the article
ii) the profit percentage of the retailer
Solution:
N AT IS
i) let the printed price of the article be x
C N
PY
O C D
O IO
the retailer marks up the price by 10% on the printed price
D U AA

O
so , the marked price by the retailer = x + 10% of x
ED PR

= x + 0.1x
T

= 1.1x
©

Due to competition the retailer allow discount of 5% on the marked

price, then
The selling price of the article = 1.1 x – discount
Discount = 5% of 1.1x
5
= × 1.1𝑥
100

= 0.055x
The rate of GST = 12%
The tax ( under GST) for the purchase = 12% of the selling price set
by the retailer
= 12% of ( 1.1x – 0.055x)
12
= × ( 1.045x)
100
12
Thus, the price of the article inclusive of GST = 1.045x + ×
100
1.045𝑥
Given, buyer pays 468.16 for the article inclusive of tax ( under GST)
so,
12
1.045x + × 1.045𝑥 = 468.16
100

1.045x + 0.125x = 468. 16

N AT IS
1.1704x = 468.16
C N
PY
O C D

468.16
X=
O IO
1.1704
D U AA

X = 400
O
ED PR

Therefore, the printed price of the article is 400

T

ii) the retailer buys at 15% discount of the printed price and sells at
©

5% discount for the marked price of 10% on the printed price

so,
bought at = 400 – 15% of 400 = 400 – 60 = 340
sold at = ( 400 + 10% of 400) – 5% of ( 400 + 10% of 400 )
5
= ( 400 + 40) – [ ) × 400 + 40]
100

= 440 – ( 0.05 × 440)

= 440 – 22
= 418
So, profit = selling price – cost price = 418 – 340 = 78
 78
Hence, the profit percentage = × 100 = 22.94%
340

N AT IS
C N
PY
O C D
O IO
D U AA

O
ED PR

T
©