In USA, Goods and Services Tax (GST), is a tax levied on the sale of all goods and services. In the other countries, it is known as Value Added Tax (VAT). For example, if an item is priced at $100 excluding GST, which is currenly 7%, a customer will pay $100 plus 7% of $100, i.e. $107.
1) The TV set Bala wants to by is on sale in two shops: BEST BUY and BUY& SAVE.
If the GST rate is 7%, which shop offers the better price?
2) If a discount of 10% is given to a bill, $128 remains to be paid. How much is the bill? How much is the bill?
If a GST of 7% is included in the bii, how much is the GST?