1(i)
A customer pays a total GST of ₹ 600 on an article in an intra-state sale, and the tax rate is 12%. The price of the article is :
- (a)₹2,000
- (b)₹3,000
- (c)₹5,000
- (d)₹7,200
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Given,
Total GST paid = ₹ 600
Rate of GST = 12%
Let the price of the article be ₹ $x$.
By formula,
GST = Rate of GST × Price of the article
$$\begin{aligned}\Rightarrow 600 = \frac{12}{100} \times x \\[1em] \Rightarrow x = \frac{600 \times 100}{12} \\[1em] \Rightarrow x = \frac{60000}{12} \\[1em] \Rightarrow x = 5000.\end{aligned}$$
Thus, the price of the article = ₹ 5,000.
Hence, option 3 is the correct option.