Q5 A retailer buys an articde at a discount of 15% on the printed price from a wholesaler. He marks up the price by 10% on the printed price but due to competition in the market, he allows a discount of 5% on the marked price to a buyer. If the rate of GST is 12% and the buyer pays 468-16 for the article inclusive of tax (under GST), find

1. the printed price of the article
2. the profit percentage of the retailer.
3. the tax (under GST) paid by the wholesaler to the State Government
4. the tax (under GST) paid by the shopkeeper to the State Government
5. the tax (under GST) received by the Central Government.

Solution

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