Find the buying price , when 5% GST is added on the purchase of a shirt at Rs 500.
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Given:
Price of the shirt = 500
GST = 5%
To Find:
The buying price
Solution:
Cost of the shirt = 500
GST = 5% of 500
= 5/100 x 500
= 25
Thus, the buying price of the shirt = GST Amount + Price of the shirt
= 25 + 500
= 525
Answer: The buying price of the shirt is Rs. 525.
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