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The total value, with GST, of a toy car is Rupees 944. The rate of GST is 18% on toys. Find the taxable value of the toy car. |
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Answer» Correct Answer - The taxable value of the toy car is Rupees 800 Let the taxable value of the toy car be Rupees x. GST at 18% `= ( 18)/(100) xx x = `Rupees `( 18x)/( 100)`. The value of the toy car with GST is Rupees 944. Taxable value `+` tax = total value lt`:. x + ( 18x)/( 100) = 944 ` `:. ( 100x + 18x)/( 100) = 944` ` :. ( 118x )/( 100) = 944` `:. x = 944 xx ( 100)/( 118)= 8 xx 100` `:. x = 800` |
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