Prasad purchased a washing machine from 'Maharashtra Electronic Goods'. A discount of 5% was given on the printed price of ₹40,000. The rate of GST charged was 28%. Find the purchase price of the washing machine.

₹48,000

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₹48,640

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₹40,800

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₹42,640

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Solution

The correct option is B ₹48,640
Printed price of washing machine = ₹40,000
Rate of discount = 5%
Amount of discount = 5% of printed price = $\frac{5}{100}$ × 40000 = ₹2000

∴ Taxable value = Printed price – Discount
= 40000 – 2000 = ₹38000

Rate of GST = 28%
∴ Rate of CGST = 14% and

Rate of SGST = 14%
CGST = 14% of taxable value
= 14100 × 38000
∴ CGST = ₹5320
∴ CGST = SGST = ₹5320

Purchase price of washing machine = Taxable value + CGST + SGST
= 38000 + 5320 + 5320
= ₹48,640

∴ Purchase price of washing machine is ₹48640.

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