Mathematics
Case study
(i) Peter visited a site of a builder to purchase a flat for his residential purpose. At the site, he examined ready-to-move (completed flats) as well as under-construction flats.
All the flats were not of same size.
(I) 2 BHK under-construction flats were to cost ₹ 45 lakhs or less (GST payable 1%)
(II) The bigger under-construction flats, (3 BHK or more) were to cost more than ₹ 45 lakhs (GST payable 3%)
(III) The completed, ready-to-move-in flats were available for purchase with GST exempted (GST 0%)
Using the above information, find GST on :
1. an under-construction flat with cost
(a) ₹ 40,20,000
(b) ₹ 79,32,000
2. a completed (ready-to-move-in) flat with cost ₹ 89,00,000
(ii) Peter decided to purchase an under-construction flat costing ₹ 96,84,000. After bargaining, the builder offered a discount of ₹ 4,50,000.
How much will Peter pay if he purchases that flat?
Related Questions
A retailer buys an article 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
(i) the printed price of the article.
(ii) the profit percentage of the retailer.
Mrs. Arora bought the following articles from a departmental store :
S.No. Item Price Rate of GST Discount 1 Hair oil ₹ 1200 18% ₹ 100 2 Cashew nuts ₹ 600 12% - Find the :
(a) Total GST paid.
(b) Total bill amount including GST.
The following bill shows the GST rate and the marked price of articles :
Vidhyut Electronics
S.No. Item Marked price Quantity Rate of GST (a) LED TV set ₹ 12,000 01 28% (b) MP4 player ₹ 5,000 01 18% Find the total amount to be paid (including GST) for the above bill.
The following bill shows the GST rate and the marked price of articles :
Rajdhani Departmental Store
S.No. Item Marked price Discount Rate of GST (a) Dry fruits (1 kg) ₹ 1200 ₹ 100 12% (b) Packed Wheat Flour (5 kg) ₹ 286 Nil 5% (c) Bakery Products ₹ 500 10% 12% Find the total amount to be paid (including GST) for the above bill.