A ready-made garment shopkeeper gives 5% discount on the dress of Rs.

1.	A ready-made garment shopkeeper gives 5% discount on the dress of Rs. 1000 and charges 5% GST on the remaining amount, then what is the purchase price of the dress for the customer?
Answer» Printed price of dress = Rs. 1000 Rate of discount = 5% ∴ Amount of discount = 5% of printed price = 5/100 × 1000 = Rs. 50 ∴ Taxable value = Printed price – discount = 1000 – 50 = Rs. 950 Rate of GST = 5% ∴ GST = 5% of taxable value = 5/100 × 950 ∴ GST = Rs. 47.5 Purchase price of the dress = Taxable value + GST = 950 + 47.5 = Rs. 997.50 ∴ Purchase price of the dress for the customer is Rs. 997.50.

A ready-made garment shopkeeper gives 5% discount on the dress of Rs. 1000 and charges 5% GST on the remaining amount, then what is the purchase price of the dress for the customer?

Answer»

Printed price of dress = Rs. 1000

Rate of discount = 5%

∴ Amount of discount = 5% of printed price

= 5/100 × 1000

= Rs. 50

∴ Taxable value = Printed price – discount

= 1000 – 50

= Rs. 950

Rate of GST = 5%

∴ GST = 5% of taxable value

= 5/100 × 950

∴ GST = Rs. 47.5

Purchase price of the dress

= Taxable value + GST

= 950 + 47.5 = Rs. 997.50

∴ Purchase price of the dress for the customer is Rs. 997.50.

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A ready-made garment shopkeeper gives 5% discount on the dress of Rs. 1000 and charges 5% GST on the remaining amount, then what is the purchase price of the dress for the customer?

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