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The taxable value of a wrist watch belt is ₹ 586. Rate of GST is 18%. Then what is price of the belt for the customer?

Given :
Taxable value of a wrist watch belt = ₹ 586
Rate of GST = 18%
To find :
Price of the belt for the customer

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Sol.
     (i)   Amount of GST = 18% of ₹586

                                     = \({18\over 100} × 586 \)

                                     = \(10548\over 100\) = ₹105.48

(ii)   Price of belt for customer
=    Taxable amount of belt + GST on it
=    586 + 105.48
=    ₹691.48
∴ The price of the belt for a customer is ₹691.48

Financial Planning for Math I September 15 , 2018 0 Comments 27 views