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2018
Gold jewellery live case data taken from the year 2018
In 2018, the customer enrolled in a gold jewellery savings plan, paying 11 monthly installments of ₹10,000 each, totaling ₹1,10,000. The amount was used to purchase a gold necklace with a gross weight of 62.07 grams and an approximate net weight of 59.92 grams. On the billing day, the gold rate was ₹2,965 per gram for 22Kt gold. The actual value of the necklace at this rate was ₹2,35,280. However, after applying the GST and quantity benefit, the final bill amount was reduced to ₹2,26,340. This resulted in a total benefit of ₹8,940 to the customer, effectively making the savings plan profitable.
total benefit of ₹8,940
2022
Gold jewellery live case data taken from the year 2022
In 2018, the customer enrolled in a gold jewellery savings plan, paying 11 monthly installments of ₹10,000 each, totaling ₹1,10,000. The amount was used to purchase a gold necklace with a gross weight of 62.07 grams and an approximate net weight of 59.92 grams. On the billing day, the gold rate was ₹2,965 per gram for 22Kt gold. The actual value of the necklace at this rate was ₹2,35,280. However, after applying the GST and quantity benefit, the final bill amount was reduced to ₹2,26,340. This resulted in a total benefit of ₹8,940 to the customer, effectively making the savings plan profitable.
total benefit of ₹8,940