The taxable cost of 1 kg of tea is Rs. 480. The rate of GST is 5% . Calculate how much a customer has to pay for 500 gm of tea.
Answers
Answer:252
Step-by-step explanation:
Rate of 500gm=480/2=240
Tax on rate =240*5/100=12
Net price=12+240=252
The customer has to pay Rs. 252 for 500 gm of tea
Given :
- The taxable cost of 1 kg of tea is Rs. 480.
- The rate of GST is 5%
To find :
The amount customer has to pay for 500 gm of tea
Solution :
Step 1 of 2 :
Calculate GST amount for 500 gm of tea
The taxable cost of 1 kg of tea is Rs. 480
1 kg = 1000 gm
∴ 500 gm = 500/1000 = 1/2 kg
∴ The taxable cost of 500 gm of tea
= Rs. 480/2
= Rs. 240
Since rate of GST is 5%
∴ GST amount for 500 gm of tea
Step 2 of 2 :
Calculate the amount customer has to pay for 500 gm of tea
The amount customer has to pay for 500 gm of tea
= The taxable cost of 500 gm of tea + GST amount for 500 gm of tea
= Rs. 240 + Rs. 12
= Rs. 252
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