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SGST and CGST

SGST% charged...

Question

SGST% charged from Rehaan for an Intra-state transaction was equivalent to the profit % made by him. He bought an article for ₹28000 and sold it for ₹33040. What was the SGST% charged?

A

12%

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B

9%

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C

18%

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D

14%

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Solution

The correct option is C 18%
In this question it is specifically given that SGST% = Profit% made by Rehaan.
Profit = SP - CP = ₹33040 - ₹28000 = ₹5040
Profit % = SGST % = $\frac{P r o f i t}{C o s t P r i c e} \times 100$
= $\frac{5040}{28000} \times 100$ = 18%.
Hence SGST% charged = 18%

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