The price of a tablet with 14% GST is $1482.
- How much does Adam have to pay if the GST is decreased to 10%?
- How much saving does Adam enjoy as a result of the decrease in GST?
(a)
Price of the tablet with 14% GST
= 100% + 14%
= 114%
114% → $1482
1% → 1482 ÷ 114 = $13
100% → 100 x 13 = $1300
Price of the tablet with 10% GST
= 100% + 10%
= 110%
Amount that Adam has to pay
= 110% x 1300
=
110100 x 1300
= $1430
(b)
Saving that Adam enjoys
= 1482 - 1430
= $52
Answer(s): (a) $1430; (b) $52