Question

EXAMPLE 6. Mr. Banerjee goes to a shop to buy a toaster, which costs ₹896. The rate of GST
is 12%. He starts bargaining and agree to pay ₹896, inclusive of GST. If the shopkeeper accepts the
proposal, find the reduction needed, in the price of the toaster.​

Answer 1

Step-by-step explanation:

The S.P. that he wants to give = ₹896

G.S.T = 12%

Let M.P. be x

• S.P. = (12% of M.P.) + M.P.

896 = [(12/100)× x] + x

896 = (3x/25) + x

896 = (3x + 25x)÷25

896 = 28x/25

x = (896 × 25)÷ 28

x = 22,325/28

x = ₹797.33

The M.P. should be around ₹797.33