Question
Download Solution PDFIf the GST on a certain article was Rs.600 two years back and it increased to Rs.750 this year, find the percentage increase in the GST on that article.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
GST two years back = ₹600
GST this year = ₹750
Formula used:
Percentage Increase = \(\dfrac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \times 100\)
Calculation:
Percentage Increase = \(\dfrac{750 - 600}{600} \times 100\)
⇒ Percentage Increase = \(\dfrac{150}{600} \times 100\)
⇒ Percentage Increase = \(\dfrac{1}{4} \times 100\)
⇒ Percentage Increase = 25%
∴ The correct answer is option 3.
Last updated on Jul 15, 2025
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