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Mathematics

Manu purchases some goods for ₹ 2000 and sells them for ₹ 2500. If the rate of GST is 18%, the tax liability on Manu is :

  1. ₹ 360

  2. ₹ 450

  3. ₹ 90

  4. ₹ 900

GST

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Answer

Given,

For Manu :

C.P. = ₹ 2000

S.P. = ₹ 2500

Tax paid by Manu = G.S.T.100×C.P.=18100×2000\dfrac{G.S.T.}{100} \times C.P. = \dfrac{18}{100} \times 2000 = ₹ 360.

Tax charged by Manu = G.S.T.100×S.P.=18100×2500\dfrac{G.S.T.}{100} \times S.P. = \dfrac{18}{100} \times 2500 = ₹ 450.

Tax liability on Manu = Tax charged - Tax paid = ₹ 450 - ₹ 360 = ₹ 90.

Hence, Option 3 is the correct option.

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