Jenson bought three lamps that cost $183 each before Goods and Service Tax (GST).
- Given that GST was charged at 5%, how much GST did Jenson have to pay for one lamp?
- What was the total cost of the lamps, inclusive of GST?
(a)
GST that Jenson had to pay for one lamp
= 5% x 183
=
5100 x 183
= $9.15
(b)
Cost of one lamp inclusive of GST
= 183 + 9.15
= $192.15
Cost of three lamps inclusive of GST
= 3 x 192.15
= $576.45
Answer(s): (a) $9.15; (b) $576.45