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A ready -made garment shopkeeper gives5...

A ready -made garment shopkeeper gives5% discount on the dress of Rupees 1000 and charges 5% GST on the remaining amount. Then what is the purchase price of the dress for the customer ?

Text Solution

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The correct Answer is:
The purchase price of the dress for the customer is Rupees 997.50
Discount 5% of Rupees 1000 `= ( 5)/( 100) xx 1000 = Rupees 50`
`:.` taxable value `= Rupees ( 1000 - 50 ) = Rupees 950`
Rate of GST `= 5%`
`:. GST = ( 5)/( 100) xx 950 = Rupees 47.50`
Purchase price for the customer `=` Taxable value `=` GST
`= Rupees ( 950 + 47.50)`
`= Rupees 997.50`
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