Arun sells a synthesizer for Rs. 17,280 including GST. What is the
selling price he will get after depositing tax at the rate of 8%?
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Selling price of the synthesizer = Rs 17280
Tax rate = r = 8%
Selling price without addiing VAT
of 8% = (100 × s.p of synthesizer )/( 100 + r )
= ( 100 × 17280 ) / ( 100 + 8 )
= ( 100 × 17280 ) / 108
= Rs 16000
I hope this helps you.
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