Adv
Deepak Bora
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Goods and services tax

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Kiran purchases an article for ₹ 5310 which includes 10% rebate on the marked price and 18% tax( under GST) on the remaining price .find the the marked price of the article

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  1. Let the M.P. = Rs. x

    After 10% discount (rebate)

    S.P. = Rs. 90/100 × x

    GST paid = 18%( Remaining Price/SP)

    ∴ Purchasing price is = Remaining

    Price+ GST

    = (90/100 × x)  + 18% (Remaining Price)

    = 9/10 × x +18/100(9/10 × x)

    = .9x+.162x

    = 1.062x

    Given Remaining Price = Rs. 5310

    1.062x = 5310

    x = 5310/ 1.062

    x = Rs. 5000

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