Flynn bought four vacuum cleaners that cost $313 each before Goods and Service Tax (GST).
- Given that GST was charged at 7%, how much GST did Flynn have to pay for one vacuum cleaner?
- What was the total cost of the vacuum cleaners, inclusive of GST?
(a)
GST that Flynn had to pay for one vacuum cleaner
= 7% x 313
=
7100 x 313
= $21.91
(b)
Cost of one vacuum cleaner inclusive of GST
= 313 + 21.91
= $334.91
Cost of four vacuum cleaners inclusive of GST
= 4 x 334.91
= $1339.64
Answer(s): (a) $21.91; (b) $1339.64