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A bicycle was sold for $282.50. The selling price included 13% harmonized sales tax. Find the amount of HST on the bike?

User Erigami
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1 Answer

3 votes

Answer:

$32.50

Explanation:

The total cost of the bicycle is the cost of the bicycle and the amount of harmonized tax for it. The sales tax is a percentage applied to the original cost of the item which is added to the original cost to get the total cost.

Given that the harmonized sales tax is 13%, let the cost of the bicycle (without the tax be T

T + 13% * T = $282.50

1.13T = $282.50

T = $282.50/1.13

= $250

The amount of HST on the bike that cost $250

= $282.50 - $250

= $32.50

User Dav Evans
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8.5k points