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An article is sold from jaipur (Rajastha...

An article is sold from jaipur (Rajasthan) to indore (M.P.) for Rs. 5,000 and then from indore to Bhopal (M.P.). If the rate of tax under GST system is `18%` and the profit made by the dealer in Indore is Rs. 2,000 find :
C.P. for the dealer is Bhopal.
(Assume that the dealer in Bhopat is the end - user).

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The correct Answer is:
To find the cost price (C.P.) for the dealer in Bhopal, we will follow these steps: ### Step 1: Identify the Selling Price (S.P.) from Indore to Bhopal The article is sold from Jaipur to Indore for Rs. 5,000. The dealer in Indore makes a profit of Rs. 2,000 when selling to Bhopal. Therefore, the Selling Price (S.P.) from Indore to Bhopal can be calculated as follows: \[ \text{S.P. from Indore to Bhopal} = \text{Cost Price (C.P.) in Indore} + \text{Profit} \] Since the S.P. from Jaipur to Indore is Rs. 5,000, we can assume that the C.P. in Indore is Rs. 5,000. Thus, \[ \text{S.P. from Indore to Bhopal} = 5000 + 2000 = 7000 \] ### Step 2: Calculate the IGST The rate of tax under the GST system is 18%. Since the transaction from Indore to Bhopal is an interstate transaction, we need to calculate the Integrated Goods and Services Tax (IGST) on the Selling Price from Indore to Bhopal. \[ \text{IGST} = \frac{18}{100} \times \text{S.P. from Indore to Bhopal} \] Substituting the S.P. we found: \[ \text{IGST} = \frac{18}{100} \times 7000 = 1260 \] ### Step 3: Calculate the Cost Price (C.P.) for the dealer in Bhopal Now, we can find the C.P. for the dealer in Bhopal by adding the S.P. from Indore to Bhopal and the IGST: \[ \text{C.P. for dealer in Bhopal} = \text{S.P. from Indore to Bhopal} + \text{IGST} \] Substituting the values we have: \[ \text{C.P. for dealer in Bhopal} = 7000 + 1260 = 8260 \] ### Final Answer The Cost Price (C.P.) for the dealer in Bhopal is Rs. 8,260. ---
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ICSE-GST [GOODS AND SERVICES TAX] -Exercise 1(B)
  1. An article is sold from jaipur (Rajasthan) to indore (M.P.) for Rs. 5,...

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  2. Fill in the blanks : When the goods/services are sold for Rs. 15,000...

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  3. Goods/services are sold from Agra (U.P.) to Kanpur (U.P.) for Rs. 20,0...

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  4. Goods/services are sold from Agra (U.P.) to Kanpur (U.P.) for Rs. 20,0...

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  5. Goods/services are sold from Kota (Rajasthan) to Mumbai for Rs. 20,000...

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  6. A is a dealer in Banaras (UP). He supplies goods/services worth Rs. 8,...

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  7. A is a dealer in Meerut (UP). He supplies goods/services, worth Rs. 15...

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  8. A is a dealer in Meerut (UP). He supplies goods/services, worth Rs. 15...

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  9. A dealer X in Hapur (UP) supplies goods/services, worth Rs. 50,000 to ...

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  10. A dealer X in Hapur (UP) supplies goods/services, worth Rs. 50,000 to ...

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  11. Consultancy services, worth Rs. 50,000 are transferred from Delhi to C...

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  12. Consultancy services, worth Rs. 50,000 are transferred from Delhi to C...

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  13. Consultancy services, worth Rs. 50,000 are transferred from Delhi to C...

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  14. For a dealer A, the list price of an article is Rs. 9,000. which he se...

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  15. The marked price of an article is Rs. 6,000. A wholesaler sells it to ...

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  16. A is a manufacturer fo T.V. sets in Delhi. He manufactures a particula...

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  17. For a trader, marked price of a refigerator = Rs. 15,680 exclusive GST...

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