Sean bought three food processors that cost $334 each before Goods and Service Tax (GST).
- Given that GST was charged at 8%, how much GST did Sean have to pay for one food processor?
- What was the total cost of the food processors, inclusive of GST?
(a)
GST that Sean had to pay for one food processor
= 8% x 334
=
8100 x 334
= $26.72
(b)
Cost of one food processor inclusive of GST
= 334 + 26.72
= $360.72
Cost of three food processors inclusive of GST
= 3 x 360.72
= $1082.16
Answer(s): (a) $26.72; (b) $1082.16