if GST is included in the price find the actual price of each of the following pressure cooker GST 12% bill amount 3,360
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Answer:
Actual price = Rs. 3000
Step-by-step explanation:
Let the actual price of the pressure cooker is Rs. x
Given GST = 12% and bill amount = Rs. 3360
So we can write,
Bill amount = actual price + GST
Then
3360 = x + (x * 12/100)
or, x + 12x/100 = 3360
or, 112x/100 = 3360
or, 112x = 336000
or, x = 3000
Therefore the actual price of the pressure cooker is Rs. 3000
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