Ken bought five juicers that cost $137 each before Goods and Service Tax (GST).
- Given that GST was charged at 3%, how much GST did Ken have to pay for one juicer?
- What was the total cost of the juicers, inclusive of GST?
(a)
GST that Ken had to pay for one juicer
= 3% x 137
=
3100 x 137
= $4.11
(b)
Cost of one juicer inclusive of GST
= 137 + 4.11
= $141.11
Cost of five juicers inclusive of GST
= 5 x 141.11
= $705.55
Answer(s): (a) $4.11; (b) $705.55