The printed price of an article is ₹50000.A wholesaler in Madhya Pradesh buys

an article from a manufacturer in Karnat

The printed price of an article is ₹50000.A wholesaler in Madhya Pradesh buys

an article from a manufacturer in Karnataka at a discount of 10% on the printed

price. The wholesaler sells the article to retailer in Tamilnadu at 5% above the

printed price. If the rate of GST is 18%, Find:

I)The amount of tax (under GST) paid by the wholesaler and the retailer,

(ii)The amount of tax (under GST) received by the central Government.​

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  1. Answer:

    The printed price of an article is ₹50000.A wholesaler in Madhya Pradesh buys

    an article from a manufacturer in Karnataka at a discount of 10% on the printed

    price. The wholesaler sells the article to retailer in Tamilnadu at 5% above the

    printed price. If the rate of GST is 18%, Find:

    I)The amount of tax (under GST) paid by the wholesaler and the retailer,

    (ii)The amount of tax (under GST) received by the central Government.​

    Step-by-step explanation:

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