Cole bought two stand mixers that cost $172 each before Goods and Service Tax (GST).
- Given that GST was charged at 8%, how much GST did Cole have to pay for one stand mixer?
- What was the total cost of the stand mixers, inclusive of GST?
(a)
GST that Cole had to pay for one stand mixer
= 8% x 172
=
8100 x 172
= $13.76
(b)
Cost of one stand mixer inclusive of GST
= 172 + 13.76
= $185.76
Cost of two stand mixers inclusive of GST
= 2 x 185.76
= $371.52
Answer(s): (a) $13.76; (b) $371.52