Valen bought two gas stoves that cost $308 each before Goods and Service Tax (GST).
- Given that GST was charged at 3%, how much GST did Valen have to pay for one gas stove?
- What was the total cost of the gas stoves, inclusive of GST?
(a)
GST that Valen had to pay for one gas stove
= 3% x 308
=
3100 x 308
= $9.24
(b)
Cost of one gas stove inclusive of GST
= 308 + 9.24
= $317.24
Cost of two gas stoves inclusive of GST
= 2 x 317.24
= $634.48
Answer(s): (a) $9.24; (b) $634.48