Question

The rate of SGST charged from Ravi for an Intra-state transaction was equivalent to the profit % made by him. He bought an article for ₹2800 and sold it for ₹3136. Find the rate of SGST charged?

• A. 5%
• B. 18%
• C. 12%
• D. 9%

Answer 1

The correct option is C 12%

Given that rate of SGST = Profit % made by Ravi.
Profit = SP - CP = ₹3136 - ₹2800 = ₹336
Profit % = SGST % = $\frac{Profit}{CostPrice}\times 100$
=$\frac{336}{2800}\times 100$ = 12%.
Hence rate of SGST = 12%