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

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