Question

The marked price of a radio is 3200. If 8% GST is paid on a marked price, what is its buying price ?​

Answer 1

Answer:

Rs.3456

Step-by-step explanation:

Marked Price=Rs.3200

GST=8/100*3200

      =8*32

      =Rs.256

Final Amount=3200+256

                     =Rs.3456

Answer 2

Given : The marked price of a radio is 3200

8% GST is paid on a marked price,

To Find:  buying price

Solution:

Marked Price = 3200 Rs

GST Rate = 8 %

GST = (8/100) 3200  = 256  Rs

Customer Buying Price = 3200 + 256

=> Customer Buying Price = 3456  Rs

buying price is 3456  Rs

Additional Info about GST

GST for Intra-State Transactions  ( Transactions with in same state)

are Equally divided in  2 categories

CGST and SGST

CGST = SGST = GST/2  

CGST = SGST = 50% of GST

CGST = Central GST

SGST = State GST

GST for Inter-State Transactions  ( Transactions between different states)

is full GST and is called IGST  - Interstate GST

IGST = GST

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