Question

How to solve it and how to calculate the gst and pst

Answer 1

Given:-

Given amount is $50.

Price of article is $24.

GST is 7%.

PST is 7%.

To find:-

The remaining amount.

The GST amount is,

`\begin{gathered} 24*(7)/(100)=0.24*7 \\ \text{ =1.68} \end{gathered}`

The PST amount is,

`\begin{gathered} 24*(7)/(100)=0.24*7 \\ \text{ =1.68} \end{gathered}`

So the total tax amount is,

`1.68+1.68=3.36`

Now the total amount of the article is,

`24+3.36=27.36`

So the remaining amount is,

`50-27.36=22.64`

So the remaining amount is $22.64