if the ₹504 GST is added, the MP is ₹4200 and it sold in ₹4704, tell the rate of the GST
please solve it in very elaborated form
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The rate of the gst is 12%
Step-by-step explanation:
The amount of the gst added= ₹504
The MP of the product =₹4200
rate of the gst = 504÷4200×100= 12
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