Question

4. The cost of an item is Rs. 5000
and after imposing GST, its cost
becomes Rs. 5600. Calculate the rate
of GST for this item.

​

Answer 1

Answer:

cost of item = Rs. 5000

cost of item with GST = Rs. 5600

GST = cost of item with GST - cost of item

= Rs. 5600 - Rs. 5000

= 600

GST% = 600/5000 × 100

= 12%

Answer 2

Answer:

The rate of GST is 12%

Step-by-step explanation:

The cost of the item = ₹ 5,000

Cost after GST = ₹5,600

Then ,

GST = 5,600-5000

= 600

Rate of the GST = GST amount ÷ Cost of the item

= (600/5000)× 100

= 12%

Therefore,

The rate of GST imposed on the item is 12%

Verification:

Cost of item = 5000

Rate of GST = 12%

GST amount = 5000×12%

= 600

Total cost = 5000+600

= 5600

Hence proved