a dealer in mumbai buys some goods worth ruppees 18000 if the rate of gst is 18% find the total price paid by the deler
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Given: A dealer in Mumbai buys some goods worth Rupees 18000. The rate of GST is 18%.
To find: Total price paid by the dealer
Solution: Worth of the good bought= 18000
GST % = 18%
This 18% GST is levied on the actual price of the goods and the total price paid by the dealer is equal to the sum of the actual cost and the 18% GST on the goods.
Extra money to be paid due to GST
= 18% of 18000
= (18/100) × 18000
= 0.18 × 18000
= 3240
Therefore, total price paid
= Actual price+ GST paid
= 18000+3240
= 21240
Therefore, the total price paid by the dealer is Rupees 21,240.
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