Reggie bought two toaster ovens that cost $171 each before Goods and Service Tax (GST).
- Given that GST was charged at 3%, how much GST did Reggie have to pay for one toaster oven?
- What was the total cost of the toaster ovens, inclusive of GST?
(a)
GST that Reggie had to pay for one toaster oven
= 3% x 171
=
3100 x 171
= $5.13
(b)
Cost of one toaster oven inclusive of GST
= 171 + 5.13
= $176.13
Cost of two toaster ovens inclusive of GST
= 2 x 176.13
= $352.26
Answer(s): (a) $5.13; (b) $352.26