Sean bought four stand mixers that cost $237 each before Goods and Service Tax (GST).
- Given that GST was charged at 3%, how much GST did Sean have to pay for one stand mixer?
- What was the total cost of the stand mixers, inclusive of GST?
(a)
GST that Sean had to pay for one stand mixer
= 3% x 237
=
3100 x 237
= $7.11
(b)
Cost of one stand mixer inclusive of GST
= 237 + 7.11
= $244.11
Cost of four stand mixers inclusive of GST
= 4 x 244.11
= $976.44
Answer(s): (a) $7.11; (b) $976.44