Question

The price of a bicycle Rs.3136 inclusive tax (under GST) at the rate of 12% on its listed
price. A buyer asks for a discount on the listed price so that after charging GST the seling price
becomes equal to the listed price Find the amount of discount which the seller has to allow for the
deal​

Answer 1

12 % Discount  seller has to allow for the deal​

Step-by-step explanation:

Let say Listed Price of Cycle = L  Rs

12 % GST  = (12/100)L  = 0.12L  Rs

Amount = L + 0.12L = 1.12L   Rs

1.12L = 3136

=> L = 2800

List Price = Rs 2800

GST is on Listed price

GST amount = 0.12L = 0.12* 2800 = 336  Rs

Let say Discount =  D %

(D/100)2800  =  336

=> D = 12

12 % Discount  seller has to allow for the deal​

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