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SGST and CGST

If the CGST c...

Question

If the CGST charged on a product sold in Andhra Pradesh is ₹24 and the GST rate is 12%, find the price of the product.

A

₹240

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B

₹400

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C

₹420

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D

₹360

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Solution

The correct option is B ₹400
GST rate = 12%
CGST = $\frac{12}{2}$ = 6%
Let the price of the product be x
6% of x = ₹24
$\frac{6 x}{100}$ = ₹24
$\Rightarrow$ x = $\frac{24 \times 100}{6}$ = ₹400
Hence the price of the product = ₹400

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