1(ii)
The marked price of a refrigerator is ₹ 12,000 and GST paid by the customer is ₹ 2,160. The rate of GST is:
- (a)5%
- (b)12%
- (c)18%
- (d)28%
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Let rate of GST be x.
Given,
Marked price of refrigerator = ₹ 12,000
GST paid = ₹ 2,160
GST amount = $\frac{\text{Rate}}{100}$ × Marked price
⇒ 2160 = $\frac{x}{100}$ × 12000
⇒ 2160 = 120x
⇒ x = $\frac{2160}{120}$
⇒ x = 18%
Hence, option 3 is the correct option.