Question

the cost of an article with gst is 59rs. what is the taxable value of the article ,if the gst at 18% was collected​

Answer 1

Answer:

gst=18%

cotton of article including gst=59rs

let the price excluding get be x rupees

price including gst=( 100+gst%/100)×price excluding gst

59=(100+18/100)×x

59=(118/100)×X

59=118x/100

59×100/118=×

50ruppes =x

Answer 2

Answer:

50 rupees

Step-by-step explanation:

let consider taxable value as 'x'

By using,

Invoice value= Taxable value+GST rate

59= x+18x/100

59= 100x+18x/100

59×100= 100x+18x

5900= 118x

5900/118= x

x=50