A price of Material sold is Rs. 100, wherein 10% of the Tax is inclusive. then based on my calculation, the actual price of the material is Rs. 90 & Rs. 10 is tax.?
Jul 13, 2017 5:46:45 PM
StoreHippo expert
If we apply a tax of 10% on a Rs.90 product,
So, 90*10/100=9
10% of 90 is 9, you can even check it in a calculator.
So, total price of the product with GST becomes= Price of Product+ Tax = 90+9 =99 It become 99 not 100.