add gst to these amounts to find their selling price.
1. $58
2. $783
3. $10 008
4. $516 000

these prices include gst. calculate their gst exclusive prices.
5. $19.60
6. $16 050
7. $419.00
8. $83 000

Question

add gst to these amounts to find their selling price.
1. $58
2. $783
3. $10 008
4. $516 000

these prices include gst. calculate their gst exclusive prices.
5. $19.60
6. $16 050
7. $419.00
8. $83 000

Accepted Answer

{ "quality": "clear", "question_count": 8, "skills_matched": [ "step_cot", "table_formatter", "explain_then_answer", "tutor", "mastery_adaptive_brevity" ], "needs_drawing": false, "concepts_used": [ "GST Calculation", "Tax Inclusive Pricing", "Tax Exclusive Pricing" ], "new_concepts": [], "current_concepts": [ "GST Calculation", "Tax Inclusive Pricing", "Tax Exclusive Pricing" ] } ## Calculate selling price with GST Using the *GST Calculation* and *Tax Inclusive Pricing* knowledge points $$ \begin{aligned} &\text{GST Rate} = 15\%\ &\text{Selling Price} = \text{Amount} \times 1.15\ &\text{Q1: } \$58 \times 1.15 = \$66.70\ &\text{Q2: } \$783 \times 1.15 = \$900.45\ &\text{Q3: } \$10\,008 \times 1.15 = \$11\,509.20\ &\text{Q4: } \$516\,000 \times 1.15 = \$593\,400.00 \end{aligned} $$ ## Calculate GST exclusive prices Using the *Tax Exclusive Pricing* and *GST Calculation* knowledge points $$ \begin{aligned} &\text{GST Exclusive Price} = \frac{\text{Inclusive Price}}{1.15}\ &\text{Q5: } \frac{\$19.60}{1.15} \approx \$17.04\ &\text{Q6: } \frac{\$16\,050}{1.15} \approx \$13\,956.52\ &\text{Q7: } \frac{\$419.00}{1.15} \approx \$364.35\ &\text{Q8: } \frac{\$83\,000}{1.15} \approx \$72\,173.91 \end{aligned} $$ | No. | Problem | Answer | |---|---|---| | 1 | Add GST to \$58 | $\$66.70$ | | 2 | Add GST to \$783 | $\$900.45$ | | 3 | Add GST to \$10 008 | $\$11\,509.20$ | | 4 | Add GST to \$516 000 | $\$593\,400.00$ | | 5 | GST exclusive of \$19.60 | $\$17.04$ | | 6 | GST exclusive of \$16 050 | $\$13\,956.52$ | | 7 | GST exclusive of \$419.00 | $\$364.35$ | | 8 | GST exclusive of \$83 000 | $\$72\,173.91$ | { "subject": "Mathematics", "question_type": "Fill-in-the-blank", "knowledge_point": [ "Mathematics", "Algebra", "GST Calculation" ] }

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QUESTION IMAGE

Question

Explanation:

Calculate selling price with GST

Calculate GST exclusive prices

Answer:

No.	Problem	Answer
2	Add GST to \$783	\(\$900.45\)
3	Add GST to \$10 008	\(\$11\,509.20\)
4	Add GST to \$516 000	\(\$593\,400.00\)
5	GST exclusive of \$19.60	\(\$17.04\)
6	GST exclusive of \$16 050	\(\$13\,956.52\)
7	GST exclusive of \$419.00	\(\$364.35\)
8	GST exclusive of \$83 000	\(\$72\,173.91\)