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Question
A readymade garment shopkeeper gives 5% discount on a dress of 2,000 and charges 5% GST on the remaining amount. What is the purchase price of the dress for the customer?
Solution
Printed price of dress = Rs 2000
Discount on dress = 5% of Rs 2000 = `5/100 xx 2000 = 100`
Taxable value of dress = Rs 2000 - Rs 100 = Rs 1900
Rate of GST = 5%
Amount of GST on dress = 5% of Rs 1900 = `5/100 xx 1900 = "Rs" 95`
∴ Purchase price of dress = Taxable value of dress + Amount of GST on dress
= Rs 1900 + Rs. 95
= Rs 1995
Thus, the purchase price of the dress for the customer is Rs 1995.
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