Wesley bought four refrigerators that cost $259 each before Goods and Service Tax (GST).
- Given that GST was charged at 7%, how much GST did Wesley have to pay for one refrigerator?
- What was the total cost of the refrigerators, inclusive of GST?
(a)
GST that Wesley had to pay for one refrigerator
= 7% x 259
=
7100 x 259
= $18.13
(b)
Cost of one refrigerator inclusive of GST
= 259 + 18.13
= $277.13
Cost of four refrigerators inclusive of GST
= 4 x 277.13
= $1108.52
Answer(s): (a) $18.13; (b) $1108.52