A particular item has a cost of $390 excluding GST at 10%. What is the total cost after GST is added?
Question
A particular item has a cost of $390 excluding GST at 10%. What is the total cost after GST is added?
Solution
Step 1: Identify the cost of the item and the GST rate. In this case, the cost of the item is $390 and the GST rate is 10%.
Step 2: Calculate the GST amount. This is done by multiplying the cost of the item by the GST rate.
So, GST = Cost of item * GST rate GST = 39
Step 3: Add the GST amount to the original cost to get the total cost.
Total cost = Cost of item + GST Total cost = 39 = $429
So, the total cost of the item after GST is added is $429.
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