Question

A shopkeeper buys an article from a wholesaler for ₹ 2,000 and sells it to a consumers at 10% profit. If the rate of GST 12%. Then the total GST paid by the shopkeeper is

Answer 1

CP of the shopkeeper = ₹2000

profit% = 10%

then,

SP = (100 + p% / 100) × CP

SP = (100 + 10 / 100) × 2000

SP = 110/100 × 2000

SP = 110 × 20

SP = ₹2200

if my answer is correct upto this then mark as branlist.

i don't understand what is GST.