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October 21, 2025, 04:54:49 pm
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Author Topic: Help! GST?!  (Read 1561 times)  Share 

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meatloaf_911

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Help! GST?!
« on: November 06, 2007, 03:17:13 pm »
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if there is a 10% GST included in the price of a $650 camera then why isnt the original cost $585 (i.e. 650/100 x 10)? We were never taught about it and im worried its going to be on the analysis exam tomorrow. Any help would be appreciated! the real answer is $590.90 btw i just dont know how to get it
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millstone

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Help! GST?!
« Reply #1 on: November 06, 2007, 03:20:34 pm »
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well since the amount inc gst is 650
you just divide it by 1.1
that gives the amount before gst
$590.90
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meatloaf_911

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Help! GST?!
« Reply #2 on: November 06, 2007, 03:24:43 pm »
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Quote from: "millstone"
well since the amount inc gst is 650
you just divide it by 1.1
that gives the amount before gst
$590.90


thankyou you're an absolute lifesaver! i really appreciate it :) all the best tomorrow!
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millstone

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Help! GST?!
« Reply #3 on: November 06, 2007, 04:59:44 pm »
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no worries same you too!
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pepsi

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Help! GST?!
« Reply #4 on: November 07, 2007, 01:21:45 pm »
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LOL how lucky meatloaf_911 :P
that kind of question did appear today hahah
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