.If the cost of an article is Rs 25000 and CGST paid by owner is Rs 2250, the rate of GST is a) 9% b) 12% c) 28% d) 18%.
Share
.If the cost of an article is Rs 25000 and CGST paid by owner is Rs 2250, the rate of GST is a) 9% b) 12% c) 28% d) 18%.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Verified answer
Answer:
OPTION - D ( 18% )
Explanation:
Step 1 of 1 :
Calculate GST amount
The CGST paid by owner is Rs. 2250
∴ CGST = SGST = Rs. 2250
∴ GST amount
= CGST + SGST
= Rs. 2250 + Rs. 2250
= Rs. 4500
Step 2 of 2 :
Calculate rate of GST
The cost of an article is Rs. 25000
GST amount = Rs. 4500
So, the rate of GST
[tex]=\frac{4500}{25000}[/tex] x [tex]100[/tex][tex]%[/tex]%
[tex]=\frac{45}{250}[/tex] x [tex]100[/tex]%
[tex]= \frac{9}{50}[/tex] x [tex]100[/tex]%
= 18%
∴ Hence the correct option is d) 18%
Please mark me as a brainliest.