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SGST and CGST

If the CGST c...

Question

If the CGST charged on a product sold in Andhra Pradesh is ₹240 and the GST rate is 12%, find the price of the product.

A

₹2400

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B

₹4000

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C

₹4200

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D

₹3600

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Solution

The correct option is B ₹4000
GST rate = 12%
CGST = $\frac{12}{2}$ = 6%
Let the price of the product be x
6% of x = ₹240
$\frac{6 x}{100}$ = ₹240
$\Rightarrow$ x = $\frac{240 \times 100}{6}$ = ₹4000

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