Calculating GST (HSC SSCE Mathematics Standard): Quizzes

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Calculating GST
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What does GST stand for?

Goods and Services Tax

What is the GST rate in Australia?

10% of the pre-tax price

Which items are typically exempt from GST in Australia?

Basic food & certain medical expenses

To find the GST amount, multiply the pre-tax price by what?

0.100.10

To find total cost including GST, multiply pre-tax price by what?

1.101.10

To find pre-tax price from total cost, divide the total by what?

1.101.10

What percentage is the total cost with GST of the original price?

110%

What does VAT stand for?

Value Added Tax

What is the range of VAT rates internationally?

2% to 25%

Singapore has a VAT rate of 5%. What do you divide by to find pre-tax price?

1.051.05

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