Riordan bought five blenders that cost $383 each before Goods and Service Tax (GST).
- Given that GST was charged at 4%, how much GST did Riordan have to pay for one blender?
- What was the total cost of the blenders, inclusive of GST?
(a)
GST that Riordan had to pay for one blender
= 4% x 383
=
4100 x 383
= $15.32
(b)
Cost of one blender inclusive of GST
= 383 + 15.32
= $398.32
Cost of five blenders inclusive of GST
= 5 x 398.32
= $1991.6
Answer(s): (a) $15.32; (b) $1991.6