Question

Malhotra purchased solar panels for the taxable value of 85000 Rs .she sold them for 90000Rs .the rate of GST is 5%. Find the itc of Malhotra. What is the amount of GST payable by her?

Answer 1

90000*5/100= 4500
real price=90000-4500=85500

gain= 85500-85000=500
$500 = \frac{x}{100} \times 85000 \\ \: \: \: \: \: \: \: = 850x \\ x = \frac{500}{850} \\ x = 0.2\%$
hope it helps u...