Concept: GST is a type of indirect tax levied on the supply of goods and services in India
Types of GST: (1) State GST (SGST)
(2) Central GST (CGST)
Formula: GST amount = (GST Percentage × Price) / 100
Final Price = Original Price + GST Amount
How to solve problems
- GST is represent in percentage(%), so treat the questions like that .
- GST is added on the price(after applying discount if it mentioned in the question).
- If we consider the price of the product = 100%, then the Final Price = (100+GST)%
EXAMPLE
Q.1)