Oscar bought four gas stoves that cost $118 each before Goods and Service Tax (GST).
- Given that GST was charged at 9%, how much GST did Oscar have to pay for one gas stove?
- What was the total cost of the gas stoves, inclusive of GST?
(a)
GST that Oscar had to pay for one gas stove
= 9% x 118
=
9100 x 118
= $10.62
(b)
Cost of one gas stove inclusive of GST
= 118 + 10.62
= $128.62
Cost of four gas stoves inclusive of GST
= 4 x 128.62
= $514.48
Answer(s): (a) $10.62; (b) $514.48