Question

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 7 60.
What is the purchase price of the mobile for
M/s X Electronics?​

Answer 1

Answer:

Hey there

Here is your answer,

Let the purchase price of the mobile for m/s electronics be X Rs,

Paid SGST = ₹ 760

She sells to customer for = ₹ 10,000

GST = 12%

Now,

Price excluding GST,

Price of phone = 10,000 - 10,000×12/100

Price of phone = 10,000 - 120

Price of phone = ₹ 9,880

Since,

SGST = ₹ 760

Price = 9,880 - 760

Price = ₹ 9,120

By 20% margin,

She purchased at price,

= 9,120 - 9,120×20/100

= 9,120 - 1824

= ₹ 7296

Hope it helps you

Please mark it as branliest