Question

For a trader MP of a refrigerator =15680 inclusive of GST at the rate of 12%on the MP. a customer asks the trader to reduce the MP of the refrigerator to such an extend that it's reduced price plus GST on it is equal to MP OF THE refrigerator. Find its required reduction. Pls

Answer 1

Answer:

Hence customer is asking for new reduced price of 14000 and the reduction is 1680.

Step-by-step explanation:

I think makes sense if the 12% is GST is on top of Marked price. Otherwise, the question does not make sense.

So Marked Price = 15680.

GST @ 12% = 15680*12/100 = 1881.6

Total price = 15680 + 1881.6 = 17561.6

Let customer is asking for reduction. and the price is x.

Hence

New price = x

GST @ 12% is = x + 12x/100

As per given question this is equal to 15680.

so x + 12x/100 = 15680

x = 15680 * 100/112 = 14000

Hence customer is asking for new reduced price of 14000 and the reduction is (15680 - 14000) 1680.

Answer 2

Answer:

Let us assume the marked price of the refrigerator be Rs. x.

Which is inclusive of GST (12%)

So,  

x + 12% of x = 15,680

x = Rs. 14,000

Initial marked price = Rs. 14,000

Now,

Let Gagan asked for priced reduction of Rs. y.

So, the new price = 14,000 – y  

And, GST on new price = 12% of (14,000 – y)

From the question,

14,000 – y + 0.12(14,000 – y) = 14,000

-1.12y + 1680 = 0

y = 1500

Therefore, the required reduction in price is Rs. 1500.