A retailer purchased an item for ₹ 1,500 from a wholesaler and sells it to a customer at 10% profit. The sales are intra-state and the rate of GST is 10%. The…

ICSE Class 10 Mathematics PYQ · 2024 Specimen · Section A

1(iii)1 Mark · 2024 · Section A · 2024 Specimen

A retailer purchased an item for ₹ 1,500 from a wholesaler and sells it to a customer at 10% profit. The sales are intra-state and the rate of GST is 10%. The amount of GST paid by the customer is :

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C.P. for retailer = ₹ 1500

S.P. for retailer = ₹ 1500 + 10% of ₹ 1500

= ₹ 1500 + $\frac{10}{100} \times 1500$

= ₹ 1500 + ₹ 150

= ₹ 1650.

GST paid = 10%

= $\frac{10}{100} \times$ ₹ 1650

= ₹ 165.

Hence, Option 4 is the correct option.

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