A dealer purchased a sofa set for ₹28000 including GST if the cost of the sof set is ₹26800 then find rate of GST%
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Answer:
The cost of sofa including GST is Rs28000
The original cost of sofa is Rs26800.
The GST bill =28000-26800
=1200
GST percentage=GST bill cost×100/total cost = 1200×100/28000=4.2percentage
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Step-by-step explanation:
original cost of sofa set = rs.26,800
cost of sofa set including GST=rs.28,000
GST cost charged to the dealer = 28,000 - 26,800= 1,200
GST percentage that can be charged = 5%,12%,18%,28%
GST percent charged to the dealer=GST cost charged/ Total cost including GST
= 1,200/28,000×100= 4.2857
i.e. 5%(approx) so the GST percentage that is charged to the dealer is 5%
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