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Question
The marked price of an article is ₹1375. If the CGST is charged at a rate of 4%, then the price of the article including GST is ______.
Options
₹55
₹110
₹1430
₹1485
MCQ
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Solution
The marked price of an article is ₹1375. If the CGST is charged at a rate of 4%, then the price of the article including GST is ₹1485.
Explanation:
CGST is calculated as 4% of ₹1375, which equals ₹55.
Since CGST and SGST are charged at the same rate, the total GST amounts to ₹110. Therefore, the final price of the article after adding GST is ₹1375 + ₹110 = ₹1485.
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