(c) A shopkeeper buys a machine from a retailer for ? 50,000. He marks the price
of the machine 20% above his cost price and sells it to a
consumer at 10%
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 machine.
(ii) consumer's cost price of the machine inclusive of tax (under GST).
(iii) the tax (under GST) paid by the shopkeeper to the Central Government
(iv) the tax (under GST) paid by the shopkeeper to the State Government.
11
(2)

Answer :

Step-by-step explanation:

Let's solve the given problem step by step.

### Given:

1. Cost price (CP) of the machine: ₹50,000

2. Marked price (MP) is 20% above CP

3. Discount on marked price: 10%

4. GST rate: 12%

### (i) Marked price of the machine

First, we need to calculate the marked price of the machine.

\[ \text{MP} = \text{CP} + 20\% \text{ of CP} \]

\[ \text{MP} = 50000 + (20\% \times 50000) \]

\[ \text{MP} = 50000 + 10000 \]

\[ \text{MP} = 60000 \]

### (ii) Consumer's cost price of the machine inclusive of tax (under GST)

First, calculate the selling price after the discount.

\[ \text{Selling Price (SP)} = \text{MP} - 10\% \text{ of MP} \]

\[ \text{SP} = 60000 - (10\% \times 60000) \]

\[ \text{SP} = 60000 - 6000 \]

\[ \text{SP} = 54000 \]

Now, calculate the GST amount:

\[ \text{GST Amount} = 12\% \times \text{SP} \]

\[ \text{GST Amount} = 0.12 \times 54000 \]

\[ \text{GST Amount} = 6480 \]

Finally, the consumer's cost price inclusive of GST:

\[ \text{Consumer's Cost Price} = \text{SP} + \text{GST Amount} \]

\[ \text{Consumer's Cost Price} = 54000 + 6480 \]

\[ \text{Consumer's Cost Price} = 60480 \]

### (iii) Tax (under GST) paid by the shopkeeper to the Central Government

The GST amount is divided equally between the Central and State Governments.

\[ \text{Central GST (CGST)} = \frac{\text{GST Amount}}{2} \]

\[ \text{CGST} = \frac{6480}{2} \]

\[ \text{CGST} = 3240 \]

### (iv) Tax (under GST) paid by the shopkeeper to the State Government

The amount paid to the State Government is equal to the amount paid to the Central Government.

\[ \text{State GST (SGST)} = \frac{\text{GST Amount}}{2} \]

\[ \text{SGST} = \frac{6480}{2} \]

\[ \text{SGST} = 3240 \]

### Summary:

1. **Marked price of the machine:** ₹60,000

2. **Consumer's cost price inclusive of tax:** ₹60,480

3. **Tax paid by the shopkeeper to the Central Government:** ₹3,240

4. **Tax paid by the shopkeeper to the State Government:** ₹3,240

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