The original price of a bicycle was $ 1040 . Danial bought the bicycle at a discount of 30% . He had to pay 7 % GST on the discounted price . Find the final price he paid including GST .

Question

The original price of a bicycle was $ 1040 . Danial bought the bicycle at a discount of 30% . He had to pay 7 % GST on the discounted price . Find the final price he paid including GST .

Answer 1

First, let's calculate the discount amount.

Discounted Amount = Original Price * Discount Rate
= 1040 * 30/100
= $312

Now, let's calculate the price after discount.
Price after Discount = Original Price - Discounted Amount
= 1040 - 312
= $728

Now, let's calculate the GST amount.
GST Amount = Price after Discount * GST Rate
= 728 * 7/100
= $50.96

Finally, let's calculate the final price including GST.
Final Price = Price after Discount + GST Amount
= 728 + 50.96
= $778.96

Therefore, the final price Danial paid including GST is $778.96.