GST

[Admin]

#7536

GST

Goods & Services Tax of 10% added to items and goods sold

[Admin]

#18565

The cost of a tablet is $290, including GST. What is the amount of GST paid on this tablet?

the GST is 10% added onto the original price of 100% so $290 will be 110% of the price

to find the original $290 ÷ 110% =$263.64

GST = $290 – $263.64

= $26.36

[Admin]

#18567

If an item is $120 including the GST: a. Find the GST. b. Find the price before the GST.
a. $120 ÷ 11 = $10.91 ∴ the GST is $10.91	to find the GST from a price including the GST, following the diagram, we divide by 11. with rounding to two decimal places for money
b. $120 ÷ 11 x 10 = $109.09 ∴ the price before the GST was added is $109.09	to find the price before the GST, following the diagram, we divide by 11 then multiply by 10.
∴ the price before the GST was added is $109.09	so price before GST is $109.09
Alternatively
120 ÷ 110% = $109.09	we can use another method to find the price before the GST and then use that to work out the GST since the price before GST is 100%, and then we add 10% then the price including the GST will be 110% to find the price before the GST we need to divide by 110%
GST = $120 – $10 9.09 = $10.91

[Admin]

#18569

If an item is $200 before the GST is added, how much will a customer pay for it after the GST is included?
$200 ÷ 10 x 11 = $220	if we know the pre-GST price, then, following the diagram, we divide by 10 then multiply by 11.
∴ the price including GST will be $220

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