Question

A dealer gets a scooty from Maharashtra at ₹60000. He sells it in Gujarat at a profit of 20%. If the GST rate is 12 %, Find the selling price in Gujarat including GST.

Answer 1

Cost price of the Scooty = ₹60000

Profit = 20% of ₹60000 = $\frac{20}{100}\times 60000$ = ₹12000

Selling price of the scooty
= ₹60000 + ₹12000 = ₹72000

GST = 12% of ₹72000 = $\frac{12}{100}\times 72000$ = ₹8640
Amount to be paid by the customer including GST in Gujarat
= ₹72000 + ₹8640 = ₹80640