An iron is worth ₹1000. If the GST rate is 12%, calculate the GST paid.
Marked price of iron = ₹1000
Rate of GST on iron = 12%
GST paid=Marked price×rate of GST100
GST paid=₹1000×12100=₹120 <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->