Find the buying price of each of the following when 5% GST is added on the purchase of
(i) a spice packet of ₹50
(ii) 5 kg of refined oil at ₹150 per kg
Answer
Given:
Rate of GST = 5%
(i) Cost of the spice packet = ₹50
GST = 5% of ₹50
Buying price = Cost of item + GST
= ₹50 + ₹2.50
= ₹52.50
Hence, the buying price of the spice packet is ₹52.50.
(ii) Cost of 5 kg of refined oil = 5 x ₹150 = ₹750
GST = 5% of ₹750
Buying price = Cost of item + GST
= ₹750 + ₹37.50
= ₹787.50
Hence, the buying price of 5 kg of refined oil is ₹787.50.
If 18% GST is included in the prices, find the original price of
(i) a small TV bought for ₹12,980
(ii) a shampoo bottle bought for ₹177
Answer
Given:
Rate of GST = 18%
(i) Buying price of the small TV = ₹12,980
Let the original price of the small TV be ₹.
GST = 18% of ₹ = ₹
Buying price = Original price + GST
Hence, the original price of the small TV is ₹11,000.
(ii) Buying price of the shampoo bottle = ₹177
Let the original price of the shampoo bottle be ₹.
GST = 18% of ₹ = ₹
Buying price = Original price + GST
Hence, the original price of the shampoo bottle is ₹150.
Utkarsh bought an AC for ₹41,472 including a GST of 28%. Find the price of AC before GST was added.
Answer
Given:
Buying price of the AC = ₹41,472
Rate of GST = 28%
Let the price of the AC before GST be ₹.
GST = 28% of ₹ = ₹
Buying price = Price before GST + GST
Hence, the price of the AC before GST was added is ₹32,400.
Gaurav bought a shirt for ₹1,344 including GST. If the original price of the shirt is ₹1,200, find the rate of GST.
Answer
Given:
Buying price of the shirt = ₹1,344
Original price of the shirt = ₹1,200
GST = Buying price - Original price
= ₹1,344 - ₹1,200
= ₹144
Rate of GST = %
= %
= %
= 12%
Hence, the rate of GST is 12%.
Anjali buys a purse for ₹560 including 12% GST. Find the new selling price of the purse if GST increases to 18%.
Answer
Given:
Buying price of the purse = ₹560 including 12% GST
New rate of GST = 18%
Let the original price of the purse be ₹.
GST = 12% of ₹ = ₹
Buying price = Original price + GST
∴ Original price of the purse = ₹500
Now GST = 18% of ₹500
New selling price of the purse = Original price + GST
= ₹500 + ₹90
= ₹590
Hence, the new selling price of the purse is ₹590.
A painting is marked for ₹4,800 excluding GST. The shopkeeper offers 10% discount on it. If GST is 5%, find the amount paid by the customer to purchase the painting.
Answer
Given:
M.P. of the painting = ₹4,800 excluding GST
Rate of discount = 10%
Rate of GST = 5%
Discount = 10% of ₹4,800
S.P. of the painting = M.P. - Discount
= ₹4,800 - ₹480
= ₹4,320
Now GST = 5% of ₹4,320
Amount paid by the customer = S.P. + GST
= ₹4,320 + ₹216
= ₹4,536
Hence, the amount paid by the customer to purchase the painting is ₹4,536.
Amit goes to a shop to buy a solar cooker. The marked price is ₹7,840 excluding 12% GST. Amit bargains with shopkeeper and convinces him for ₹7,840 including GST as the final cost of the solar cooker. Find the amount reduced by the shopkeeper.
Answer
Given:
M.P. of the solar cooker = ₹7,840 excluding 12% GST
Final cost paid by Amit = ₹7,840 including GST
Let the reduced price of the solar cooker be ₹.
GST = 12% of ₹ = ₹
Amount paid by Amit = Reduced price + GST
∴ Reduced price of the solar cooker = ₹7,000
Amount reduced by the shopkeeper = ₹7,840 - ₹7,000 = ₹840
Hence, the amount reduced by the shopkeeper is ₹840.