Billy bought three juicers that cost $342 each before Goods and Service Tax (GST).
- Given that GST was charged at 4%, how much GST did Billy have to pay for one juicer?
- What was the total cost of the juicers, inclusive of GST?
(a)
GST that Billy had to pay for one juicer
= 4% x 342
=
4100 x 342
= $13.68
(b)
Cost of one juicer inclusive of GST
= 342 + 13.68
= $355.68
Cost of three juicers inclusive of GST
= 3 x 355.68
= $1067.04
Answer(s): (a) $13.68; (b) $1067.04