If GST is 5% and PST is 7%, what is the total price of a $25 000 car?
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Amount with sales tax / (1+((GST and PST rate combined)/100)) = Amount without sales tax Amount with sales taxes x (GST rate/100) = Amount of GST in BC
Amount without sales taxes x (PST rate/100) = Amount of PST in BC
Example
1000$ / (1+((5+7)/100))
1000$ / 1.12 = 892.86$
892.86$ x (5/100) = 44.64$ (GST)
892.86$ x (7/100) = 62.50$ (PST)
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Answer:
28000.................
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