Question

Nabeel bought a bag for Rs 4000 and paid Rs 560 more as GST Find the percentage of GST

Answer 1

Step-by-step explanation:

Percentage of gst = 560/4000×100 = 14%

Answer 2

The percentage of GST is 14 %

Step-by-step explanation:

• Given data

        Marked price of bag (M.P) = 4000 Rs.

         Amount of GST = 560 Rs.

• So total amount of selling price will be sum of marked price amount and GST amount. Which are given below

        Selling price (S.P) = 4000 + 560

        Selling price (S.P) = 4560  Rs.

• We know that GST is imposed on marked price. So percentage of GST will be

        $\mathbf{Percentage \ of \ GST=\frac{(S.P-M.P)}{M.P}\times 100}$

        $\mathbf{Percentage \ of \ GST=\frac{(4560-4000)}{4000}\times 100}$

        $\mathbf{Percentage \ of \ GST=\frac{(560)}{4000}\times 100}$

        $\mathbf{Percentage \ of \ GST=\frac{(56)}{4}=14}$