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amit went to buy a bicycle cost ₹12000. the rate of SGST is 9 %. He asks the shopkeeper to reduce the price of the bicycle to such an extent so that he has to pay ₹12000 inclusive GST. Find the reduction needed in the price of the bicycle​

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Answer:

GST [Goods and Services Tax]

SELINA Solutions for Class 10 Maths Chapter 1 - GST [Goods and Services Tax]

Mathematics is one of the crucial and most scoring subjects in ICSE Class 10. TopperLearning presents study materials for ICSE Class 10 Mathematics which will enable students to score well in the board examination. The syllabus includes certain challenging concepts like Value Added Tax, Ratio and Proportion, Quadric Equations among others which require effective study materials. Our study materials for ICSE Class 10 consist of video lessons, question banks, sample papers, revision notes and past year papers which improve the quality of learning.

Chapter 1 - GST [Goods and Services Tax]

Page / Exercise

Ex. 1(A) Ex. 1(B)

Chapter 1 - GST [Goods and Services Tax] Exercise Ex. 1(A)

Question 1

For the following transaction within Delhi, fill in the blanks to find the amount of bill :

MRP = Rs. 12,000, Discount % = 30%, GST = 18%

Discount =

Selling price (discounted value) =

CGST =

SGST =

IGST =

Amount of Bill =

Solution 1

MRP = Rs. 12,000, Discount % = 30%, GST = 18%

Discount = 30% of 12,000 =

Selling price (discounted value) = 12000 - 3600 = Rs. 8400

CGST = 9% of 8400 = Rs. 756

SGST = 9% of 8400 = Rs. 756

IGST = 0

Amount of Bill = Selling price + CGST + SGST = 8400 + 756 + 756 = Rs. 9912

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