Question

a trader buys an article for ₹1800 and sells it to a customer for ₹2200. If the rate of tax under GST is 12%, calculate the GST to be paid by him.​

Answer 1

Step-by-step explanation:

Let the cost of the article be reduced to Rs. x.

∴x+12% of x=2,240

⇒x+

100

12

×x=2240

⇒

100

112x

=2240

⇒x=

112

2240×100

⇒x=2,000

∴ Reduced price of the article =Rs.2,000

Reduction needed =Rs.2,200−Rs.2,000=Rs.200

Hence, reduction as percent of marked-price =

Markedprice

Reduction

×100%

=

2,200

200

×100% =9

11

1

%