To Find the Sale Price when GST % and Cost Price are given (WP-6: General Sale Tax - GST)

The price of a toy is Rs.500. Find the sale price of the toy if GST is 16%.

Given:

Price of a Toy = Rs. 500

GST = 16%

To Find:

Sale price (S.P) =?

Solution:

Profit = 16% of Rs. 500

Profit = `\frac16{100}` x Rs. 500

Profit = Rs. 80

Note: To calculate the Sale Price (S.P) GST is added to a cost price. Thus we get

Sale price = Cost Price (C.P) + GST 

Sale price = Rs. 500 + Rs. 80

Sale price = Rs. 580

************************

Jobs & Exams Mathematics Online

***************************************************************

Shortcut links for:

1. Real Life Word Problems on Financial Mathematics, Property Tax, General Sale Tax (GST), Zakat, Ushr, Profit and Loss, Markup, Percentage, Proportion.

2. 5th class Notes: English, Social Study (S.St.), General Science (G.Sc.), Urdu (اُردو), Islamiat (اسلامیات), Mathematics

3. 6th class Notes: Mathematics (National Book Foundation):

************************************

1. Website for School and College Level Physics   

(https://askrarequiz.blogspot.com)

2. Website for School and College Level Mathematics  

(https://askraremaths.blogspot.com)

3. Website for Single National Curriculum Pakistan - All Subjects Notes 

(https://askrareclassnotes.blogspot.com/)

© 2022-23  Academic Skills and Knowledge (ASK)     

Note:  Write me in the comments box below for any query and also Share this information with your class-fellows and friends.