Question

the end of 12 months. Find the rate of interest charged by
9. A man took a loan of 6 lakh from his friend at the simple interest rate of 9% per annum.
At the end of 3 years, he cleared his debt by paying 3 lakh and giving his flat to his friend.
What was the price of the flat?​

Answer 1

Answer:

a). The GST is ₹ 32

b). Price of the service including GST is ₹ 432

Step-by-step explanation:

Given :

• Amount charged by the plumber (Excluding GST) = ₹ 400

• GST rate = 8 %

To find :

• a). Amount of GST for the service

• b). Price of the service including GST

Solution :

GST rate = 8 %

8 % of 400

★ a).

GST Amount = ( Original cost of the product or Service × GST % ) / 100

⇒ 400 × 8 / 100

⇒ 32

⇒ ₹ 32

The GST is ₹ 32

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★ b).

Amount given by customers :

Net Price = Original cost of the product or Service + GST amount

⇒ 400 + 32

⇒ 432

⇒ ₹ 432

Amount given by customers including GST = ₹ 432

Therefore,

a). The GST is ₹ 32

b). Price of the service including GST is ₹ 432