Problem Statement
A dealer in Mumbai buys a TV at marked price ₹$25,000$ at a discount of $20\%$. He sells it to a consumer at a profit of $15\%$ on his cost price. If GST rate is $18\%$, calculate:
(i) Price paid by consumer including GST.
(ii) SGST received by State Government.
Verified Solution & Marking Scheme
Dealer Cost Price
$\text{Discount} = 20\% \text{ of } 25000 = ext{Rs } 5,000 \implies \text{CP} = ext{Rs } 20,000$.
Consumer Selling Price
$\text{Profit} = 15\% \text{ of } 20000 = ext{Rs } 3,000 \implies \text{SP} = ext{Rs } 23,000$.
GST and SGST
$\text{GST} = 18\% \text{ of } 23000 = ext{Rs } 4,140$. Consumer total $= 23000 + 4140 = ext{Rs } 27,140$.
$\text{SGST} = 9\% \text{ of } 23000 = ext{Rs } 2,070$.