Wednesday, November 2, 2022

WORK SHEET FOR GOODS AND SERVICE TAX (GST)

 

Description: Description: Description: Description: Description: C:\Documents and Settings\Senior\Desktop\St.George's Logo.jpg THE LAIDLAW MEMORIAL SCHOOL AND JUNIOR COLLEGE,

KETTI

MATHEMATICS WORKSHEET

TOPIC: GOODS AND SERVICES TAX (GST)

 

Answer the following:

1)      A Manufacturer sells a Laptop to a dealer for ₹15200. The dealer sells it a consumer at a profit of ₹1800. If the sales are intra-state and the rate of GST is 12%, find

i)                    The amount of tax paid by the dealer to the Central Government.

ii)                  The amount of tax received by the State Government.

iii)                The amount that the consumer pays for the Laptop.

2)      A shopkeeper buys an article whose printed price is ₹7000 from a wholesaler at discount of 20% and sells it  to a consumer at the printed price. If the sales are intra-state and the rate of GST is 12%, find

i)                    The price of the article inclusive of GST at which the shopkeeper bought it.

ii)                  The amount of tax paid by the shopkeeper to the State Government.

iii)                The amount of tax received by the Central Government.

iv)                The amount which the consumer pays for the article.

3)      The printed price of LED T.V. is ₹65000. The wholesaler allows a discount of 10% to a dealer. The dealer sells the T.V. to a consumer at a discount of 5% on the marked price. If the sales are intra-state and rate of GST is 18%, find:

i)                    The amount tax paid by the dealer to Central and State Governments.

ii)                  The amount of tax received by Central and State Governments.

iii)                The total amount paid by the consumer for the T.V.

4)      A retailer buys a washing machine from a manufacturer for ₹35000. He marks the price of the washing machine 20% above his cost price and sells it to a consumer at 10% discount on the marked price. If the sales intra-state and rate of GST is 12%, find:

i)                    The marked price of the washing machine

ii)                  Consumer’s cost price of washing machine inclusive of tax.

iii)                GST paid by the retailer to the Central and State Governments.

5)      The printed price of an article is ₹50000. The manufacturer allows a discount of 25% to a dealer A. The dealer A sells the article to another dealer B at a discount of 12% on the marked price. The dealer B sells it to a consumer at 5% above the printed price. If all the sales are intra-state and the rate of GST is 18%, find:

i)                    The price of the article inclusive of tax paid by dealer A.

ii)                  The price of the article inclusive of tax paid by dealer B.

iii)                The amount which the consumer pays for the article.

iv)                The amount of tax paid by dealer A to the Central Government.

v)                  The amount of tax paid by dealer B to the State Government.

vi)                The amount of tax received by the Central Government.

6)      The printed price of a T-Shirt is ₹3500. A wholesaler in Karnataka buys the T-Shirt from a manufacturer in Tamil Nadu at a discount of 12 % on the printed price. The wholesaler sells the T-Shirt to a retailer in Maharashtra at 32% above the marked price. If the rate of GST on the T-Shirt is 8%, find:

i)                    The price inclusive of tax at which the wholesaler bought the T-Shirt.

ii)                  The price inclusive of tax at which the retailer bought the T-Shirt.

iii)                The tax paid by the wholesaler to the Government.

iv)                The tax received by the Central Government.

7)      A shopkeeper in Gujarat buys an article at the printed price of ₹ 60000 from a wholesaler in Rajasthan. The shopkeeper sells the article to a consumer in Gujarat at a profit of 25% on the basic cost price. If the rate of GST is 18%, find

i)                    The price of the article inclusive of tax at which the shopkeeper bought it.

ii)                  The amount of tax paid by the shopkeeper to Government.

iii)                The amount of tax received by Rajasthan Government.

iv)                The amount of tax received by the Central Government.

v)                  The amount which the consumer pays for the article.

8)      Mrs. Geetha goes to a shop to buy a leather coat which costs ₹900. The rate of GST is 18%. She tells the shopkeeper to reduce the price to such an extent that she has to pay ₹900, inclusive of GST. Find the reduction needed in the price of the coat.

9)      The price of a Scooter is ₹45000 inclusive of tax at the rate of 12% on its listed price. A buyer asks for a discount on the listed price so that after charging GST, the selling price becomes equal to the listed price. Find the amount of discount which the seller has to allow for the deal.

10)  A shopkeeper in Delhi buys an article at the printed price of ₹25000 from a wholesaler in Mumbai. The shopkeeper sells the article to a consumer in Delhi at a profit of 15% on the basic cost price. If the rate of GST is 12%, find:

i)                    The price inclusive of tax at which the wholesaler bought the article.

ii)                  The amount which the consumer pays for the article.

iii)                The amount of tax received by the State Government of Delhi.

iv)                The amount of tax received by the Central Government.

  

 

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