Q2 A manufacturer listed the price of his goods at ₹1600 per article. He allowed a discount of 25% to a wholesaler who in turn allowed a discount of 20% on the listed price to a retailer. The retailer sells one article to a consumer at a discount of 5% on the listed price. If all the sales are intra-state and the rate of GST is 5%, find

1. the price per article inclusive of tax (under GST) which the wholesaler pays.
2. the price per article inclusive of tax (under GST) which the retailer pays.
3. the amount which the consumer pays for the article.
4. the tax (under GST) paid by the wholesaler to the State Government for the article.
5. the tax (under GST) paid by the retailer to the Central Government for the article.
6. the tax (under GST) received by the State Government.

Solution

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