Question

10. A retailer marked up the price of his goods by
20% above the list price and offers two successive
discounts of 10% and 5% on the marked price. GST
is @ 18% on the goods. Find the list price of goods
if the consumer pays * 4617 as CGST. Also find the
final price consumer has to pay for the goods.​

Answer 1

Answer:

List Price = 25,000

Step-by-step explanation:

Let the List Price be x

Mark up price = 1.2x

Price after discount = 1.2x * 0.9 * 0.95

CGST = 1.2x * 0.9 * 0.95 * 0.18

1.2x * 0.9 * 0.95 * 0.18 = 4617

x= 4617 / (1.2  * 0.9 * 0.95 * 0.18)

x = 4617 / 0.18468‬

x = 25,000

List Price = 25,000