Question

The marked price of a refrigerator is ₹ 12,000 and GST paid by the customer is ₹ 2,160. The rate of GST is ______.

Options

• 5%

• 12%

• 18%

• 28%

Answer 1

The marked price of a refrigerator is ₹ 12,000 and GST paid by the customer is ₹ 2,160. The rate of GST is 18%.

Explanation:

Let the rate of GST be x.

Given: Marked price of refrigerator = ₹ 12,000

GST paid = ₹ 2,160

GST amount = `"Rate"/100 xx "Market price"`

⇒ 2160 = `x/100 xx 12000`

⇒ 2160 = 120 x

⇒ x = `2160/120`

= 18%