Dylan bought three refrigerators that cost $399 each before Goods and Service Tax (GST).
- Given that GST was charged at 7%, how much GST did Dylan have to pay for one refrigerator?
- What was the total cost of the refrigerators, inclusive of GST?
(a)
GST that Dylan had to pay for one refrigerator
= 7% x 399
=
7100 x 399
= $27.93
(b)
Cost of one refrigerator inclusive of GST
= 399 + 27.93
= $426.93
Cost of three refrigerators inclusive of GST
= 3 x 426.93
= $1280.79
Answer(s): (a) $27.93; (b) $1280.79