Mrs. Malhotra purchased solar panels for the taxable value of Rs $85, 000$ . She sold them for Rs $90, 000$ . The rate of GST is $5 %$ . Find the ITC of Mrs Malhotra.

4000

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3500

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4500

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4250

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Solution

The correct option is D $4250$
$\Rightarrow$ Mrs. Malhotra purchase solar panels for $R s .85, 000.$
$\Rightarrow$ The rate of GST is $5 %$ .
$\Rightarrow$ Then, the ITC of Mrs. Malhotra = $5 % o f 85, 000$
$\Rightarrow$ The ITC of Mrs. Malhotra = $\frac{5}{100} \times 85000 = R s .4250 .$

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Mrs. Malhotra purchased solar panels for the taxable value of Rs 85,000. She sold them for Rs 90,000. The rate of GST is 5%. Find the ITC of Mrs Malhotra.

The correct option is D 4250⇒ Mrs. Malhotra purchase solar panels for Rs.85,000.⇒ The rate of GST is 5%.⇒ Then, the ITC of Mrs. Malhotra = 5%of85,000 ⇒ The ITC of Mrs. Malhotra =5100×85000=Rs.4250.

Mrs. Malhotra purchased solar panels for the taxable value of Rs $85, 000$ . She sold them for Rs $90, 000$ . The rate of GST is $5 %$ . Find the ITC of Mrs Malhotra.

The correct option is D $4250$
$\Rightarrow$ Mrs. Malhotra purchase solar panels for $R s .85, 000.$
$\Rightarrow$ The rate of GST is $5 %$ .
$\Rightarrow$ Then, the ITC of Mrs. Malhotra = $5 % o f 85, 000$
$\Rightarrow$ The ITC of Mrs. Malhotra = $\frac{5}{100} \times 85000 = R s .4250 .$