Liam bought two television sets that cost $207 each before Goods and Service Tax (GST).
- Given that GST was charged at 4%, how much GST did Liam have to pay for one television set?
- What was the total cost of the television sets, inclusive of GST?
(a)
GST that Liam had to pay for one television set
= 4% x 207
=
4100 x 207
= $8.28
(b)
Cost of one television set inclusive of GST
= 207 + 8.28
= $215.28
Cost of two television sets inclusive of GST
= 2 x 215.28
= $430.56
Answer(s): (a) $8.28; (b) $430.56