The cost of a particular item is $2.70, which does not include GST at 10%. Calculate the total cost after GST is added.
Question
The cost of a particular item is $2.70, which does not include GST at 10%.
Calculate 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 $2.70 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, 0.27
Step 3: Add the GST amount to the original cost to get the total cost.
So, 0.27 = $2.97
Therefore, the total cost of the item after GST is added is $2.97.
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