Today we studied GST (goods and services tax), this is a tax on almost everything that is bought and sold. Currently the GST rate is 12.5% in New Zealand. We calculate GST in the same way as normal percentages.
e.g: to find the GST on a TV costing $3200 before GST, we calculate 0.125 x 3200 = $400
e.g: to find the price including GST on a TV costing $3200 before GST, we calculate 1.125 x 3200 = $3600. (note this is the same as adding the $400 GST on to the original $3200).
e.g: to find the price without GST of a swimming pool if the GST inclusive price is $13500, we calculate 13500 / 1.125 = $12000
Homework: 4.09
You should now have completed all of chapter 4.
Remember to get the sheet in your homework book signed.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment