Mr Prasad bargains for an article with a shopkeeper to sell an article of selling price of ₹15,000 at 16,000 with GST. If the rate of GST is 18% find the discount given by the shopkeeper (up to two decimal places)
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Mr Prasad bargains for an article with a shopkeeper to sell an article of selling price of ₹15,000 at 16,000 with GST. If the rate of GST is 18% find the discount given by the shopkeeper (up to two decimal places)
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Answer:
18% of 15000 is 2700
total SP shopkeeper =15000+2700
=17700
Mr Prasad paid SP to shopkeeper =16000
discount given by shopkeeper =17700- 16000
=1700