ready made garment shop gives 5% discount on the dress of Rs 1000 and charges 5% GST on the remaining amount . What is the purchase price of the dress?
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Step-by-step explanation:
Price of dress = ₹ 1000
Discount = 5%
Discounted price
= ₹ 1000 - ( 5% of ₹ 1000 )
= ₹ 1000 - ₹ 50
= ₹ 950
Now on ₹ 950 shopkeeper has charged 5% GST, which is a type of tax which the buyer has to pay.
So,
Purchase price of dress
= Discounted price - GST
= ₹ 950 + ( 5% of ₹ 950 )
= ₹ 950 + ₹ 47.50
= ₹ 997.50
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