(4) Find the buying price of a sari when 8% GST is paid on a marked price of 15,000.
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Given,
Marked price of the sari = Rs. 15000
GST percentage = 8%
To find,
The buying price of the sari.
Solution,
We can simply solve this mathematical problem by using the following mathematical process.
Here, the GST will be calculated (@ 8%) on the marked price. And, for the buying price, that 8% GST will be added with the marked price.
So,
First of all, have to calculate the GST.
GST amount :
= 15000 × 8/100
= Rs. 1200
Thus,
Buying price :
= Marked price + GST amount
= 15000 + 1200
= Rs. 16200
(This will be considered as the final result.)
Hence, the buying price of the sari is Rs. 16200
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