When the rate of GST is decreased from 12% to 5% for a house. Rohit has to pay rs 150000 less for it. What is the marked price of the house?
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Answer:
the difference in percentage of GST 12%-5%=7%
the price to be paid less = 1,50,000
therefore
let the base price be 100
therefore 5% of 100=5
base price = 100+5 = 105
therefore the original price(marked price) =150000*105/7
=22,50,000
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