UP TGT Mathematics commercial mathematics Test Series - Part 1
A manufacturer sells a product for Rs. 100,000 to Wholesaler A (18% GST). Wholesaler A sells to Retailer B at 20% profit...
Type: MCQ • Marks: 1
A manufacturer sells a product for Rs. 100,000 to Wholesaler A (18% GST). Wholesaler A sells to Retailer B at 20% profit. Retailer B sells to Consumer C at 15% profit. Find the total GST collected by the government on the entire chain.
Options
A. 1) Rs. 18,000
B. 2) Rs. 21,600
C. 3) Rs. 24,840
D. 4) Rs. 26,000
Explanation
Final Consumer Selling Price = 100,000 * 1.20 * 1.15 = 120,000 * 1.15 = Rs. 138,000.
Total GST collected across entire value addition = 18% of Final Price = 18% of 138,000 = Rs. 24,840.
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