The price of a bicycle is Rs.6,480 inclusive of 8% GST. What is the original price of the bicycle?
Given:
Price of the bicycle = Rs. 6,480
GST Rate = 8%
Price % of the bicycle including GST will become = 100% + 8% = 108%
To Find:
Original Price of bicycle =?
Solution:
1st Method: (By using the unitary method)
105% price of the bicycle = Rs. 6,480
1% price of the bicycle = `{\frac {Rs. 6480}{108}}`
100% price of the bicycle = `{\frac {Rs. 6480}{108}}` x 100
100% price of the bicycle= Rs.6000
Thus, the original price of the bicycle is Rs.6000
2nd Method: (By using the formula)
The general equation used to calculate the GST amount:
To find the Original price of an Article (bicycle) from the above equation by using basic mathematics rules will be.
So, By putting values
Original price of an Article (the bicycle) = `{\frac {Rs. 6480}{108}}` x 100
Original price of an Article (the bicycle)=Rs. 6000
Thus, the original price of the bicycle is Rs. 6000
************************
Shortcut links for:
************************************
 (WP-5: General Sale Tax - GST)){kind=link}
0 Comments