Daniel bought two food processors that cost $317 each before Goods and Service Tax (GST).
- Given that GST was charged at 4%, how much GST did Daniel have to pay for one food processor?
- What was the total cost of the food processors, inclusive of GST?
(a)
GST that Daniel had to pay for one food processor
= 4% x 317
=
4100 x 317
= $12.68
(b)
Cost of one food processor inclusive of GST
= 317 + 12.68
= $329.68
Cost of two food processors inclusive of GST
= 2 x 329.68
= $659.36
Answer(s): (a) $12.68; (b) $659.36