Oscar bought three kettles that cost $251 each before Goods and Service Tax (GST).
- Given that GST was charged at 8%, how much GST did Oscar have to pay for one kettle?
- What was the total cost of the kettles, inclusive of GST?
(a)
GST that Oscar had to pay for one kettle
= 8% x 251
=
8100 x 251
= $20.08
(b)
Cost of one kettle inclusive of GST
= 251 + 20.08
= $271.08
Cost of three kettles inclusive of GST
= 3 x 271.08
= $813.24
Answer(s): (a) $20.08; (b) $813.24