The sale price of an article including GST is Rs. 1,298, when rate of GST is…
2026
The sale price of an article including GST is Rs. 1,298, when rate of GST is 18%. If the shopkeeper has made a profit of 10%, then cost price of the article is
- A.
Rs. 1,200
- B.
Rs. 1,500
- C.
Rs. 1,000
- D.
Rs. 1,100
Attempted by 12 students.
Show answer & explanation
Correct answer: C
The selling price including GST is Rs. 1,298.
Since GST is 18%, first remove the GST to find the actual selling price (before GST).
Selling Price (excluding GST)
= 1298 × 100 / 118
= Rs. 1,100
The shopkeeper earns a 10% profit, so:
Selling Price = 110% of Cost Price
Cost Price = 1100 × 100 / 110
= Rs. 1,000
Therefore, the cost price of the article is Rs. 1,000.
Answer: C. Rs. 1,000