2. M/s X Electronics purchased a mobile having
some taxable value and sold it to a customer
for 10,000 (taxable value). The rate of GST
is 12%. M/s X Electronics paid SGST of 60.
What is the purchase price of the mobile for
M/s X Electronics?
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Answer:
The purchase price of the mobile for M/S electronics is 9500.
Step-by-step explanation:
Given:
M/s X Electronics purchased a mobile having some taxable value and sold it to a customer for 10000.
Rate of GST is 12%M/S X Electronics paid sgst of 60.
Now, to find the purchase price of the mobile.
Let the purchase price of the mobile be
Sold to customer for = 10000.
Rate of GST = 12%.
Paid SGST = 60.
According to question:
Therefore, the purchase price of the mobile for M/S electronics is 9500.
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