Ethan bought two gas stoves that cost $244 each before Goods and Service Tax (GST).
- Given that GST was charged at 3%, how much GST did Ethan have to pay for one gas stove?
- What was the total cost of the gas stoves, inclusive of GST?
(a)
GST that Ethan had to pay for one gas stove
= 3% x 244
=
3100 x 244
= $7.32
(b)
Cost of one gas stove inclusive of GST
= 244 + 7.32
= $251.32
Cost of two gas stoves inclusive of GST
= 2 x 251.32
= $502.64
Answer(s): (a) $7.32; (b) $502.64