Fabian bought five refrigerators that cost $182 each before Goods and Service Tax (GST).
- Given that GST was charged at 8%, how much GST did Fabian have to pay for one refrigerator?
- What was the total cost of the refrigerators, inclusive of GST?
(a)
GST that Fabian had to pay for one refrigerator
= 8% x 182
=
8100 x 182
= $14.56
(b)
Cost of one refrigerator inclusive of GST
= 182 + 14.56
= $196.56
Cost of five refrigerators inclusive of GST
= 5 x 196.56
= $982.8
Answer(s): (a) $14.56; (b) $982.8