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A ready -made garment shopkeeper gives5% discount on the dress of Rupees 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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Answer» Correct Answer - The purchase price of the dress for the customer is Rupees 997.50 Discount 5% of Rupees 1000 `= ( 5)/( 100) xx 1000 = Rupees 50` `:.` taxable value `= Rupees ( 1000 - 50 ) = Rupees 950` Rate of GST `= 5%` `:. GST = ( 5)/( 100) xx 950 = Rupees 47.50` Purchase price for the customer `=` Taxable value `=` GST `= Rupees ( 950 + 47.50)` `= Rupees 997.50` |
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