The price of a toy including 5% general sales tax is Rs.945. Find the original price of the toy.
Given:
Price of the toy = Rs. 945
GST Rate = 5%
Price % of the toy including GST will become = 100% + 5% = 105%
To Find:
Original Price of toy =?
Solution:
1st Method: (By using the unitary method)
105% price of the Toy = Rs. 945
1% price of the Toy = `{\frac {Rs. 945}{105}}`
100% price of the Toy = `{\frac {Rs. 945}{105}}` x 100
100% price of the Toy= Rs.900
Thus, the original price of the Toy is Rs.900
2nd Method: (By using the GST Equation)
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 (Toy)= `{\frac {Rs. 945}{105}}` x 100
Original price of an Article (Toy)= Rs. 900
Thus, the original price of the toy is Rs. 900
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 (WP-4: General Sale Tax - GST)){kind=link}
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