Kiran purchases an article for Rs 5310 which includes 10% rebate on the marked price and 18% tax (under GST) on the remaining price. Find the marked price of the article.
Kiran purchases an article for Rs 5310 which includes 10% rebate on the marked price and 18% tax (under GST) on the remaining price. Find the marked price of the article.

Given:

Rate of GST = 18%

 

CP of an article

    \[=\text{ }x\text{ }\text{ }10%\text{ }of\text{ }x\]

    \[=\text{ }x\text{ }\text{ }\left( 10/100 \right)x\]

    \[=\text{ }90x/100\]

    \[=\text{ }9x/10\]

Amount of GST on CP of article

    \[=\text{ }18%\text{ }of\text{ }9x/10\]

    \[=\text{ }\left( 18/100 \right)\text{ }\times \text{ }9x/10\]

Total CP of article

    \[\begin{array}{*{35}{l}} =\text{ }9x/10\text{ }+\text{ }\left[ \left( 18/100 \right)\text{ }\times \text{ }9x/10 \right]  \\ \text{ }9x/10\left( 1\text{ }+\text{ }18/100 \right)\text{ }\text{ }\left( 118/100 \right)\text{ }\times \text{ }9x/10  \\ \end{array}\]

It is given that, CP of an article including tax

    \[=\text{ }Rs.\text{ }5310\]

So,

    \[\left( 118/100 \right)\text{ }\times \text{ }9x/10\text{ }=\text{ }5310\]

    \[x\text{ }=\text{ }5310\text{ }\times \text{ }\left( 100/118 \right)\text{ }\times \text{ }\left( 10/9 \right)\]

    \[=\text{ }5000\]

The required marked price of an article is Rs. 5000