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Question
primary 5 | Maths
| Percentage
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Could anyone explain?
Date Posted: 2 years ago
Views: 408
See 1 Answer
GST is 100% (actual cost of goods) + 7% more. The 7% out of the initial amount you have to pay
So the total amount (interest included) will be
$1100 x 107%= $1177
OR,
You can calculate interest first,
$1100 x 7%= $77,
Then add the initial amount to get $1177.
So the total amount (interest included) will be
$1100 x 107%= $1177
OR,
You can calculate interest first,
$1100 x 7%= $77,
Then add the initial amount to get $1177.
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