Question

Anil Gupta goes to a shop and buy a blanket, whose cost is Rs 1062
(MRP). The rate of GST is 18 %
He tells the shopkeeper to reduce the price
of blanket to such an entent that he has to pay only Rs 1062 including
GST. How much reduction is needed in the price of the blanket?​

Answer 1

Answer:

Let the new price be P

1062= P + P×18/100

P(1+0.18)=1062

1.18P =1062

P = 1062/1.18 =900

So the price has to be reduced by 1062-900=162Rs

Answer 2

The shopkeeper needs to reduce the price of the blanket by Rs 190.16 so that Anil Gupta pays only Rs 1062 including GST.

Anil Gupta goes to a shop and buy a blanket, whose cost is Rs 1062

(MRP). The rate of GST is 18 %

He tells the shopkeeper to reduce the price

of blanket to such an entent that he has to pay only Rs 1062 including

GST. How much reduction is needed in the price of the blanket?​

The cost of the blanket including GST can be calculated as:

Cost including GST = MRP + (GST rate/100) * MRP

Substituting the given values, we get:

Cost including GST = 1062 + (18/100) * 1062

Cost including GST = 1252.16

Anil Gupta wants to pay only Rs 1062 including GST. Therefore, the shopkeeper needs to reduce the price by:

Reduction in price = Cost including GST - Desired payment

Reduction in price = 1252.16 - 1062

Reduction in price = 190.16

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