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In an intra-state transaction, goods wor...

In an intra-state transaction, goods worth Rs 20,000 are bought at 40% discount. If GST rate is 28%, find the amount of bill.

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To solve the problem step by step, we will follow the calculations as outlined in the video transcript. ### Step 1: Identify the Given Information - MRP (Maximum Retail Price) = Rs 20,000 - Discount Percentage = 40% - GST Rate = 28% ### Step 2: Calculate the Discount Amount To find the discount amount, we use the formula: \[ \text{Discount} = \left( \frac{\text{Discount Percentage}}{100} \right) \times \text{MRP} \] Substituting the values: \[ \text{Discount} = \left( \frac{40}{100} \right) \times 20,000 = 0.4 \times 20,000 = 8,000 \] ### Step 3: Calculate the Selling Price (SP) The selling price is calculated by subtracting the discount from the MRP: \[ \text{Selling Price (SP)} = \text{MRP} - \text{Discount} \] Substituting the values: \[ \text{SP} = 20,000 - 8,000 = 12,000 \] ### Step 4: Calculate the GST Amount To find the GST amount, we use the formula: \[ \text{GST} = \left( \frac{\text{GST Rate}}{100} \right) \times \text{Selling Price} \] Substituting the values: \[ \text{GST} = \left( \frac{28}{100} \right) \times 12,000 = 0.28 \times 12,000 = 3,360 \] ### Step 5: Calculate the Total Amount of the Bill The total amount of the bill is the sum of the selling price and the GST amount: \[ \text{Total Amount of Bill} = \text{Selling Price} + \text{GST} \] Substituting the values: \[ \text{Total Amount of Bill} = 12,000 + 3,360 = 15,360 \] ### Final Answer The total amount of the bill is Rs 15,360. ---
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