Question

find the buying price of 5 kg of refined oil at 150 per kg when 5% GST is added on the person​

Answer 1

Step-by-step explanation:

Given :-

5kg refined oil at 150 per kg when 5% GST added.

To find:-

Buying price of the refined oil including GST.

Solution :-

The cost of 1 kg refined oil=Rs. 150

The cost of 5kg refined oil= 5×Rs. 150=Rs. 750

percentage of GST=5% of cost price 5kg oil

=>GST=5% of Rs. 750

= >GST = (5/100)×750

=>GST=(1/20)×750

=>GST=750/20

=>GST=75/2

=>GST=Rs. 37.50

Added GST= Rs. 37.50

Total buying price of the oil = Cost price + GST

=>750+37.50= 787.50

Answer:-

Buying price of 5 kg refined oil after GST added is Rs. 787.50