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Mathematics

The marked price of an article is ₹1,375. If the CGST is charged at a rate of 4%, then the price of the article including GST is:

  1. ₹55

  2. ₹110

  3. ₹1,430

  4. ₹1,485

GST

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Answer

Given,

Marked price of the article = ₹1,375.

The CGST (Central Goods and Services Tax) = 4%.

As we know that the total GST is composed of CGST and SGST (State Goods and Services Tax) at equal rates, the total GST rate is 8% (4% CGST + 4% SGST).

GST = 8% of marked price of the article

= 8100×1375=8×1375100=11000100\dfrac{8}{100} \times 1375 = \dfrac{8 \times 1375}{100} = \dfrac{11000}{100} = ₹110

Final Price = Marked Price + GST Amount

= ₹1,375 + ₹110 = ₹1,485

Hence, option 4 is the correct option.

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