Start learning →

Cost ₹800, list ₹1200; GST 5% after discount. Discount giving 20% profit on cost?

A25%
B20%
C10%
D33⅓%
Answer & Solution
Correct answer: B. 20%
A 20% profit requires a pre-GST selling price of ₹960, giving a ₹240 or 20% list discount.
Practise this question with Quill — ICSE Class 10 →

Keep practising Commercial Mathematics: GST, Banking & Shares

Browse all Commercial Mathematics: GST, Banking & Shares questions for ICSE Class 10, or explore more Mathematics topics.

Start a Commercial Mathematics: GST, Banking & Shares lesson →
Related questions
Item ₹800, repairs ₹200; profit 25% on total net cost, then 12% GST. Bill?Output GST ₹180; eligible credit ₹250. Excess is carried forward, no refund. Amount carrieCGST due ₹120, credit ₹80; SGST due ₹120, credit ₹150. No cross-use. Cash GST due?Input GST ₹300; only 60% is eligible credit. Output GST ₹500. Cash GST due?Buys ₹4000+5% GST; all input GST usable. Net GST ₹50, sales GST 5%. Taxable sales?Receipts ₹1430, stock outlay ₹1100, both incl 10% GST. Full input GST usable. Profit afterGST-inclusive purchase ₹1120, sale ₹1680; both at 12%. All input GST usable. Cash GST?Buys ₹2000+10% GST; sells ₹2500+10% GST. All input GST usable as credit. Cash GST?