Question

If the original price of an article is Rs 500 and its price including GST is Rs 570 then the rate of GST is ______. ​

Answer 1

Step-by-step explanation:

Rate of GST = 70/500 * 100 % = 14%

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Answer 2

Given,

Article's original price = ₹500.

Article's price including GST = ₹570.

To find,

The rate of GST.

Solution,

We can solve this problem following the below process.

Here, it is given that for the article,

the original price is ₹500, and

the price including GST is ₹570.

So, the GST will be the difference between the two given prices.

Thus,

GST = (Price with GST included) - (Original price).

⇒ GST = 570 - 500

⇒ GST = ₹70.

Now as GST is expressed as a rate in percentage.

Let the rate of GST be x%.

So, as determined previously, GST = ₹70,

⇒ x% of 500 = 70

⇒ $\frac{x}{100}*500 =70$

⇒ $x= \frac{70}{5}$

⇒ $x=14\%$.

Therefore, the rate of GST on the given article will be 14%.