Miss Anjali goes to a mall to purchase a saree whose cost is (list price). She tells the shopkeeper to reduce the price in such an extent that she has to pay , inclusive GST which is at the rate of , find the reduction of price needed in the saree.
Step 1: Find the amount paid by Miss Anjali for a saree.
List price
Goods and Services Tax (GST) rate
Let us assume that the reduced price of a saree is
∴ Amount Miss Anjali has to pay for a saree
Step 2: Find the reduction done on the list price of a saree.
According to the question, Miss Anjali wants to pay including GST
∴
Hence, the reduced price of a saree is.
∴
Final Answer: The reduction in the price needed for a saree is .