Question

The price of a toy is Rs 500.Find the sale price of the toy if GST is 16%
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Answer 1

Price of Toy = Rs. 500

GST percentage = 16 %

Hence,

Sale Price

$= 500 \left( 1 + \frac{16}{100} \right) \\ \\ \\ = 500 \left( \frac{100 + 16}{100} \right) \\ \\ \\ = 500 \times \frac{116}{100} \\ \\ \\ = \frac{5\cancel{0} \cancel{0} \times 116}{{1 \cancel{0} \cancel0} } \\ \\ \\ = 5 \times 116 \\ \\ \\ = \bf Rs. \: 580$