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For the following transaction from Delhi...

For the following transaction from Delhi to jaipur,
fill in the blanks to find the amount of bill :
MRP = Rs. 50,000
Discount `=20%`
GST `=28%`
Discount = . . . . . . . . . . . . . . . . .
`underset("(discounted value)")("Selling price")` = . . . . . . . . . . . . . . . . .
CGST = . . .. . . . . . .. . . .
SGST = . . .. . . . . . .. . . .
IGST = . . .. . . . . . .. . . .
Amount of bill = . . .. . . . . . .. . . .

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate each required value based on the provided information. ### Given: - MRP = Rs. 50,000 - Discount = 20% - GST = 28% ### Step 1: Calculate the Discount The discount can be calculated using the formula: \[ \text{Discount} = \text{MRP} \times \left(\frac{\text{Discount \%}}{100}\right) \] Substituting the values: \[ \text{Discount} = 50,000 \times \left(\frac{20}{100}\right) = 50,000 \times 0.20 = 10,000 \] ### Step 2: Calculate the Selling Price The selling price is calculated by subtracting the discount from the MRP: \[ \text{Selling Price} = \text{MRP} - \text{Discount} \] Substituting the values: \[ \text{Selling Price} = 50,000 - 10,000 = 40,000 \] ### Step 3: Calculate CGST and SGST Since the transaction is from Delhi to Jaipur and is considered an intra-state transaction, both CGST and SGST are applicable. However, in this case, since the problem does not specify any CGST or SGST, we assume: \[ \text{CGST} = 0 \] \[ \text{SGST} = 0 \] ### Step 4: Calculate IGST IGST is calculated as follows: \[ \text{IGST} = \text{GST} \times \text{Selling Price} \] Substituting the values: \[ \text{IGST} = 28\% \text{ of } 40,000 = \frac{28}{100} \times 40,000 = 11,200 \] ### Step 5: Calculate the Amount of Bill The total amount of the bill is the sum of the selling price and IGST: \[ \text{Amount of Bill} = \text{Selling Price} + \text{IGST} \] Substituting the values: \[ \text{Amount of Bill} = 40,000 + 11,200 = 51,200 \] ### Final Answers: - Discount = Rs. 10,000 - Selling Price = Rs. 40,000 - CGST = Rs. 0 - SGST = Rs. 0 - IGST = Rs. 11,200 - Amount of Bill = Rs. 51,200 ---
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