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A dealer sells goods/services, worth Rs ...

A dealer sells goods/services, worth Rs 30,000 to some other dealer in the same town at a discount of 25%. If the rate of GST is 12%, find the amount of bill.

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To solve the problem step by step, we will follow the outlined process to find the total amount of the bill after applying the discount and GST. ### Step 1: Calculate the Discount Amount The cost price of the goods is given as Rs 30,000, and the discount is 25%. **Formula for Discount Amount:** \[ \text{Discount Amount} = \text{Cost Price} \times \left(\frac{\text{Discount Percentage}}{100}\right) \] **Calculation:** \[ \text{Discount Amount} = 30000 \times \left(\frac{25}{100}\right) = 30000 \times 0.25 = 7500 \] ### Step 2: Calculate the Taxable Amount The taxable amount is calculated by subtracting the discount amount from the cost price. **Formula for Taxable Amount:** \[ \text{Taxable Amount} = \text{Cost Price} - \text{Discount Amount} \] **Calculation:** \[ \text{Taxable Amount} = 30000 - 7500 = 22500 \] ### Step 3: Calculate the GST Amount The GST rate is given as 12%. We will calculate the GST amount based on the taxable amount. **Formula for GST Amount:** \[ \text{GST Amount} = \text{Taxable Amount} \times \left(\frac{\text{GST Rate}}{100}\right) \] **Calculation:** \[ \text{GST Amount} = 22500 \times \left(\frac{12}{100}\right) = 22500 \times 0.12 = 2700 \] ### Step 4: Calculate the Total Amount of the Bill Finally, we need to find the total amount of the bill by adding the taxable amount and the GST amount. **Formula for Total Amount:** \[ \text{Total Amount} = \text{Taxable Amount} + \text{GST Amount} \] **Calculation:** \[ \text{Total Amount} = 22500 + 2700 = 25200 \] ### Final Answer The total amount of the bill is Rs 25,200. ---
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Knowledge Check

  • A dealer in Bhopal (MP) say X, supplies goods and services worth Rs 8,000 to a person Y in Indore (MP). If the rate of GST is 28%, then Find the amount of SGST

    A
    Rs 8,000
    B
    Rs 4,000
    C
    Rs 2,240
    D
    Rs 1,120
  • A dealer in Bhopal (MP) say X, supplies goods and services worth Rs 8,000 to a person Y in Indore (MP). If the rate of GST is 28%, then Find the amount after GST

    A
    Rs 8,000
    B
    Rs 9,120
    C
    Rs 10,240
    D
    Rs 12,000
  • A dealer in Gujarat supplies goods and services worth Rs. 8,000 to another dealer in Haryana. If the rate of GST is 28%, then the tax levied under CGST, SGST and IGST, respectively, are:

    A
    Rs.1,120, Rs.1,120, Nil
    B
    Nil, Nil, Rs.2,240
    C
    Rs.1,120, Rs.1,120, Rs.52,240
    D
    Rs. 800, Rs. 640, Rs. 1,120
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