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Mathematics

A retailer purchased an item for ₹ 1,500 from a wholesaler and sells it to a customer at 10% profit. The sales are intra-state and the rate of GST is 10%. The amount of GST paid by the customer is :

  1. ₹ 15

  2. ₹ 30

  3. ₹ 150

  4. ₹ 165

GST

ICSE Sp 2024

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Answer

C.P. for retailer = ₹ 1500

S.P. for retailer = ₹ 1500 + 10% of ₹ 1500

= ₹ 1500 + 10100×1500\dfrac{10}{100} \times 1500

= ₹ 1500 + ₹ 150

= ₹ 1650.

GST paid = 10%

= 10100×\dfrac{10}{100} \times ₹ 1650

= ₹ 165.

Hence, Option 4 is the correct option.

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