A washing machine is sold for Rs 15,912 inclusive of GST. The cost of the washing machine, excluding GST, would be when the rate of GST is 17%?
Answer: 13600
Explanation
Let's say the cost price (CP) of the washing machine is x.
Given that the GST rate is 17%, the selling price (SP) would be:
SP = x + 0.17x
SP = 1.17x
Given that SP = Rs 15,912:
1.17x = 15912
x = 15912 / 1.17
x = 13600
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