Question

An iron is worth ₹1000. If the GST rate is 12%, calculate the GST paid.

• A. 100
• B. 120
• C. 80
• D. 96

Answer 1

The correct option is B 120

Marked price of iron = ₹1000

Rate of GST on iron = 12%

$GSTpaid=Markedprice\times \frac{rateofGST}{100}$

$GSTpaid=₹1000\times \frac{12}{100}=₹120$ <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->