. A retailer buys a luxury wrist watch from a manufacturer at the listed price of * 2,50,000. He marks the price of the watch 20% above the listed price and sells it to a customer at 10% discount on the marked ffxhpzquym price. If the sales are intra-state and the rate of GST is 18%, find : (i) the marked price of the watch. (ii) customer's cost price of the watch inclusive of tax (under GST) i.e., the amount paid by the customer to the ratailer. (ii) GST paid by the retailer to the Central and State Governments.
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Explanation:
A retailer buys a luxury wrist watch from a manufacturer at the listed price of * 2,50,000. He marks the price of the watch 20% above the listed price and sells it to a customer at 10% discount on the marked ffxhpzquym price. If the sales are intra-state and the rate of GST is 18%, find : (i) the marked price of the watch. (ii) customer's cost price of the watch inclusive of tax (under GST) i.e., the amount paid by the customer to the ratailer. (ii) GST paid by the retailer to the Central and State Governments.
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Explanation:
A retailer buys a luxury wrist watch from a manufacturer at the listed price of * 2,50,000. He marks the price of the watch 20% above the listed price and sells it to a customer at 10% discount on the marked ffxhpzquym price. If the sales are intra-state and the rate of GST is 18%, find : (i) the marked price of the watch. (ii) customer's cost price of the watch inclusive of tax (under GST) i.e., the amount paid by the customer to the ratailer. (ii) GST paid by the retailer to the Central and State Governments.Hii