the printed price of an article is Rs 1500 . a shopkeeper charged 5% GST for the article. Find the price of the article for the customer.
Answers
Step-by-step explanation:
Printed price of article = ₹ 1500
GST = 5%
GST is a type of tax. Tax is the extra money that we have to pay for the services. You might have come across it in your daily life shopping. Coming back to question.
Selling price of article = Printed price + Tax
= ₹ 1500 + ( 5% of ₹ 1500)
= ₹ 1500 + ₹ 75
= ₹ 1575
So price of article for customer is ₹ 1575.
Note: maintain the units even in the calculation. It makes maths. fun. Also calculating percentages is not a big deal, understand the concept. Next time buy your favourite snacks packet from store. Ask shopkeeper about GST rate and calculate yourself how much you will pay. It is good to learn like this rather memorizing.