Home › ICSE Class 10 › mathematics › Value Added Tax › Shopkeeper sells an article at Rs 4480 inclusive…
Shopkeeper sells an article at Rs 4480 inclusive of 12% GST. Taxable value is
ARs 4150
BRs 4400
CRs 4200
DRs 4000
Answer & Solution
Correct answer: D. Rs 4000
1. Let taxable value be P. P (1 + 12/100) = 4480.
2. 1.12 P = 4480.
3. P = 4480 / 1.12.
4. = Rs 4000.
_Source: Selina Concise Mathematics Class 10, Ch on Value Added Tax / GST (Mistral OCR'd PDF), section on reverse calculation_
Related questions
Trader buys at Rs 10000 + 5% GST and sells at Rs 11000 + 5% GST in same state. Net GST paySelling price including 18% GST is Rs 2360. The price excluding GST isRestaurant bill Rs 1200 with 5% GST. Total payable isShopkeeper buys at Rs 4000 + 12% GST and sells within state at Rs 5000 + 12% GST. Net SGSTMarked price Rs 20000, discount 15%, then 18% GST. Amount payable isChennai dealer sells goods worth Rs 6000 to a Bengaluru dealer at 28% GST. IGST isTwo articles cost Rs 800 and Rs 1200 each at 5% GST. Total amount payable isMarked price Rs 5000, discount 10%, then 18% GST. Amount payable is