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For the following transaction from Delhi to Jaipur, fill in the blanks to find the amount of bill: MRP = Rs 50,000, Discount % = 20%, GST = 28% Discount = Selling price (discounted value) = CGST = SGST = IGST = Amount of Bill =
For the following transaction from Delhi to Jaipur, fill in the blanks to find the amount of bill: MRP = Rs 50,000, Discount % = 20%, GST = 28% Discount = Selling price (discounted value) = CGST = SGST = IGST = Amount of Bill =
Class 10 | Exercise 1(A) | Gst Goods And Services Tax | ICSE | Maths | Selina
For the following transaction from Delhi to Jaipur, fill in the blanks to find the amount of bill: MRP = Rs 50,000, Discount % = 20%, GST = 28% Discount = Selling price (discounted value) = CGST = SGST = IGST = Amount of Bill =

Given,

MRP \[=\text{ }Rs\text{ }50,000\]

Discount % \[=\text{ }20percent\]

GST $=28percent$

Presently,

\[Discount\text{ }=\text{ }20percent\text{ }of\text{ }50,000\text{ }\]

\[=\text{ }\left( 20/100 \right)\text{ }x\text{ }50,000~=\text{ }Rs\text{ }10,000\]

In this way,

\[Selling\text{ }price\text{ }\left( discounted\text{ }value \right)\text{ }\]

\[\text{ }=\text{ }50,000\text{ }-\text{ }10,000\text{ }=\text{ }Rs\text{ }40,000\]

\[CGST\text{ }=\text{ }0\]

\[SGST\text{ }=\text{ }0\]

\[IGST\text{ }=\text{ }28percent\text{ }of\text{ }40,000\]

\[=\text{ }\left( 28/100 \right)\text{ }x\text{ }40,000\text{ }=\text{ }Rs\text{ }11,200\]

Hence,  the amount of bill = Selling price + IGST

\[\begin{array}{*{35}{l}}

=\text{ }40,000\text{ }+\text{ }11,200  \\

=\text{ }Rs\text{ }51,200  \\

\end{array}\]

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