# ML Aggarwal Solutions Class 10 Mathematics Solutions for GST Exercise 1 in Chapter 1 - GST

Question 6 GST Exercise 1

A retailer buys a TV from a wholesaler for Rs 40000. He marks the price of the

T.V. 15% above his cost price and sells it to a consumer at 5% discount on the

marked price. If the sales are intra-state and the rate of GST is 12%, find:

(i) The marked price of the TV.

(ii) The amount which the consumer pays for the TV.

(iii) The amount of tax (under GST) paid by the retailer to the Central Government.

(iv) The amount of tax (under GST) received by the State Government.

It is a case of intra-state transaction of goods and services.

SGST = CGST = ½ GST

Given:

(i) The marked price of the TV.

It is given that, CP of TV for retailer = ₹40000

Marked price of TV = ₹40000 + 15% of 40000

= ₹40000 + (15/100) × 40000

= ₹40000 + 6000

= ₹46000

(ii) The amount which the consumer pays for the TV.

It is given that, Discount given by retailer = 5% of ₹46000

= (5/100) × 46000

= ₹2300

Amount paid by consumer without GST for TV = ₹46000 - ₹2300

= ₹43700

Rate of GST = 12%

Amount of GST paid by consumer = 12% of ₹43700

= (12/100) × 43700

= ₹5244

Amount which consumer pays for TV = ₹43700 + ₹5244 = ₹48944

(iii) The amount of tax (under GST) paid by the retailer to the Central Government.

CGST paid by shopkeeper = 6% of ₹40000

= (6/100) × 40000

= ₹2400

SGST paid by shopkeeper = 6% of ₹40000 = ₹2400

Shopkeeper sells the article to consumer = ₹43700

GST collected by shopkeeper = 12% of ₹43700

= (12/100) × 43700

= ₹5244

CGST of shopkeeper = SGST = 6% of ₹43700

= (6/100) × 43700

= ₹2622

The amount of tax (under GST) paid by the retailer to the Central Government =

₹2622 - ₹2400 = ₹222

(iv) The amount of tax (under GST) received by the State Government.

SGST paid by wholesaler + SGST paid by shopkeeper = ₹2400 + ₹222 = ₹2622

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