Question

m/s X Electronics purchased a mobile having some taxable value and sold it to a customer for 10000(taxable value the rate of GST is12%M/S X Electronics paid sgst of 60 what is purchase prise of the mobile forM/S electronics​

Answer 1

The purchase price of the mobile for M/S electronics​ is 9500.

Step-by-step explanation:

Given:

M/s X Electronics purchased a mobile having some taxable value and sold it to a customer for 10000.

Rate of GST is 12%M/S X Electronics paid sgst of 60.

Now, to find the purchase price of the mobile.

Let the purchase price of the mobile be $p.$

Sold to customer for = 10000.

Rate of GST = 12%.

Paid SGST = 60.

According to question:

$12\%\ of\ (10000-p)=60\\\\\frac{12}{100}\times (10000-p)=60\\\\0.12\times (10000-p)=60\\\\10000-p=\frac{60}{0.12}\\\\10000-p=500\\\\10000-500=p\\\\9500=p$

$p=9500.$

Therefore, the purchase price of the mobile for M/S electronics​ is 9500.