Pierre bought five refrigerators that cost $356 each before Goods and Service Tax (GST).
- Given that GST was charged at 6%, how much GST did Pierre have to pay for one refrigerator?
- What was the total cost of the refrigerators, inclusive of GST?
(a)
GST that Pierre had to pay for one refrigerator
= 6% x 356
=
6100 x 356
= $21.36
(b)
Cost of one refrigerator inclusive of GST
= 356 + 21.36
= $377.36
Cost of five refrigerators inclusive of GST
= 5 x 377.36
= $1886.8
Answer(s): (a) $21.36; (b) $1886.8