GST Flashcards
1
Q
If a cat was sold for $24.20, this includes GST what is the GST and how did the price originally cost.
A
100% is price + GST = 110%
24.20 ÷ 110 = 0.22 so the original price is $22
GST = 10% of $22
GST = $3 2.20
If a cat was sold for $24.20, this includes GST what is the GST and how did the price originally cost.
100% is price + GST = 110%
24.20 ÷ 110 = 0.22 so the original price is $22
GST = 10% of $22
GST = $3 2.20