(4) The price of an electric iron box is 1600 .The
GST charged is 18% . Find the net price of the
iron box
[2]
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1
Answer:
Rs.1888
Step-by-step explanation:
GST IS A KIND OF TAX AND TO FIND TAX THE FORMULAE IS
TAX/100*MP
=18/100*1600
=18*16
=288
THEREFORE 288 IS THE TAX OR GST CHARGED,
NOW, TO FIND THE NET PRICE, SIMPLY ADD MP AND TAX
=MP+ TAX=1600+288=1888
THEREFORE THE NET PRICE IS Rs.1888
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