Question

The total value (with GST) of remote controlled toy car is ₹ 2360. Rate of GST is 18% on toys. Complete the following activity to find the taxable value for the toy car.

Activity:

Total value for toy car with GST = ₹ 2360

Rate of GST = 18%

Let taxable value for toy car be ₹ x

∴ GST = `18/100 xx x`

∴ Total value for toy car = (taxable value for toy car) + `square`  .....Formula

∴ 2360 = `square + square/100 xx x` 

∴ 2360 = `square/100 xx x`

∴ 2360 x 100 = 118x

∴ `x = (2360 xx 100)/square`

∴ Taxable value for toy car is ₹ `square`

Answer 1

Total value for toy car with GST = ₹ 2360

Rate of GST = 18%

Let taxable value for toy car be ₹ x

∴ GST = `18/100 xx x`

∴ Total value for toy car = (taxable value for toy car) + GST .....Formula

∴ 2360 = `bbunderline(x)+bbunderline(18)/100 xx x` 

∴ 2360 = `bbunderline(118)/100 xx x`

∴ 2360 x 100 = 118x

∴ `x = (2360 xx 100)/bbunderline(118)`

∴ Taxable value for toy car is ₹ 2000