Ian bought five food processors that cost $356 each before Goods and Service Tax (GST).
- Given that GST was charged at 9%, how much GST did Ian have to pay for one food processor?
- What was the total cost of the food processors, inclusive of GST?
(a)
GST that Ian had to pay for one food processor
= 9% x 356
=
9100 x 356
= $32.04
(b)
Cost of one food processor inclusive of GST
= 356 + 32.04
= $388.04
Cost of five food processors inclusive of GST
= 5 x 388.04
= $1940.2
Answer(s): (a) $32.04; (b) $1940.2