How do I calculate GST?
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Studied at the University of Johannesburg, Lives in Johannesburg, South Africa.
When adding 10% to the price is relatively easy (just multiply the amount by 1.1), reverse GST calculations are quite tricky:To figure out how much GST was included in the price you have to divide the price by 11 ($220/11=$20);To work out the price without GST you have to divide the amount by 1.1 ($220/1.1=$200)
2023-05-11 15:05:18
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Samuel Carter
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When adding 10% to the price is relatively easy (just multiply the amount by 1.1), reverse GST calculations are quite tricky:To figure out how much GST was included in the price you have to divide the price by 11 ($220/11=$20);To work out the price without GST you have to divide the amount by 1.1 ($220/1.1=$200)