Answer:
Here are some questions along with therir solutions.
Question 1:
A manufacturer sells a product for Rs. 100, including 12% GST. What is the price of the product before GST is added?
Solution:
Let x be the price of the product before GST is added.
Then, 1.12x = 100
Dividing both sides by 1.12, we get:
x = 89.28
Therefore, the price of the product before GST is added is Rs. 89.28.
Question 2:
A retailer purchases a product for Rs. 80, including 18% VAT. What is the price of the product before VAT is added?
Let x be the price of the product before VAT is added.
Then, 1.18x = 80
Dividing both sides by 1.18, we get:
x = 67.79
Therefore, the price of the product before VAT is added is Rs. 67.79.
Question 3:
A consumer purchases a product for Rs. 120, including 5% GST. What is the amount of GST paid?
Let x be the amount of GST paid.
Then, 1.05x = 120
Dividing both sides by 1.05, we get:
x = 114.28
Therefore, the amount of GST paid is Rs. 114.28.
Question 4:
A consumer purchases a product for Rs. 150, including 12.5% VAT. What is the amount of VAT paid?
Let x be the amount of VAT paid.
Then, 1.125x = 150
Dividing both sides by 1.125, we get:
x = 133.33
Therefore, the amount of VAT paid is Rs. 133.33.
Question 5:
A product is subject to a 12% GST rate. What is the percentage increase in the price of the product after GST is added?
Let x be the original price of the product.
Then, the price of the product after GST is added is 1.12x.
The percentage increase in the price of the product is:
((1.12x - x) / x) * 100% = 12%
Therefore, the percentage increase in the price of the product after GST is added is 12%.
Step-by-step explanation:
89.28 is answer and if you have doubt then ask me on insta my I'd ___arman____singh___
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Answers & Comments
Answer:
Here are some questions along with therir solutions.
Question 1:
A manufacturer sells a product for Rs. 100, including 12% GST. What is the price of the product before GST is added?
Solution:
Let x be the price of the product before GST is added.
Then, 1.12x = 100
Dividing both sides by 1.12, we get:
x = 89.28
Therefore, the price of the product before GST is added is Rs. 89.28.
Question 2:
A retailer purchases a product for Rs. 80, including 18% VAT. What is the price of the product before VAT is added?
Solution:
Let x be the price of the product before VAT is added.
Then, 1.18x = 80
Dividing both sides by 1.18, we get:
x = 67.79
Therefore, the price of the product before VAT is added is Rs. 67.79.
Question 3:
A consumer purchases a product for Rs. 120, including 5% GST. What is the amount of GST paid?
Solution:
Let x be the amount of GST paid.
Then, 1.05x = 120
Dividing both sides by 1.05, we get:
x = 114.28
Therefore, the amount of GST paid is Rs. 114.28.
Question 4:
A consumer purchases a product for Rs. 150, including 12.5% VAT. What is the amount of VAT paid?
Solution:
Let x be the amount of VAT paid.
Then, 1.125x = 150
Dividing both sides by 1.125, we get:
x = 133.33
Therefore, the amount of VAT paid is Rs. 133.33.
Question 5:
A product is subject to a 12% GST rate. What is the percentage increase in the price of the product after GST is added?
Solution:
Let x be the original price of the product.
Then, the price of the product after GST is added is 1.12x.
The percentage increase in the price of the product is:
((1.12x - x) / x) * 100% = 12%
Therefore, the percentage increase in the price of the product after GST is added is 12%.
Verified answer
Step-by-step explanation:
89.28 is answer and if you have doubt then ask me on insta my I'd ___arman____singh___