Mrs. Sinha bought an almirah for 6,160 which includes GST. If the listed price of the almirah is 5,500, what was the rate slab of GST?
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ANSWER:
Given:
Bought Price = Rs. 6160
Cost Price = Rs. 5500
Find- GST
The amount of GST = (SP-CP)
= 6160 - 5500
= 660
The rate of GST= × 100 = 12%
Hence, The rate of GST = 12%
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