CORRECTION.
The selling price of a pencil box was $4. Chee Keong bought the pencil box and paid $4.28 including GST. What percentage of the selling price was the GST?
So the GST was .28 and
.28/40 = .07 or 7%
Thanks
To find the percentage of the selling price that was the Goods and Services Tax (GST), we need to determine the amount of GST first.
The selling price of the pencil box is given as $4.28, which includes both the selling price and the GST. The amount paid by Chee Keong is the total price, so we need to subtract the selling price from this total to find the amount of GST.
Subtracting:
$4.28 (total price) - $4.00 (selling price) = $0.28 (amount of GST)
Now that we have the amount of GST, we can calculate the percentage by dividing the amount of GST by the selling price and then multiplying by 100.
Calculating the percentage:
($0.28 ÷ $4.00) × 100 = 7%
Therefore, the GST accounts for 7% of the selling price.