Percentage - GST, increase, decrease, money

Front

What is GST?

Back

GST stands for Goods and Services Tax, a value-added tax levied on most goods and services sold for domestic consumption.

Front

How do you calculate the price before GST if the total price is known?

Back

To find the price before GST, divide the total price by (1 + GST rate). For example, if GST is 10%, divide by 1.10.

Front

What is the formula to calculate percentage profit?

Back

Percentage Profit = [(Selling Price - Cost Price) / Cost Price] x 100.

Front

How do you calculate 12% of a number?

Back

To calculate 12% of a number, multiply the number by 0.12.

Front

What is the result of increasing a number by a percentage?

Back

To increase a number by a percentage, multiply the number by the percentage (as a decimal) and add it to the original number.

Front

How do you calculate the total cost after applying a discount?

Back

Total Cost = Original Price - (Original Price x Discount Rate).

Front

What is the formula to find the final price after a discount?

Back

Final Price = Original Price x (1 - Discount Rate).

Front

If a chair costs $19.99 and there is a 15% discount, what is the discounted price?

Back

Discounted Price = $19.99 x (1 - 0.15) = $16.99.

Front

How do you find the selling price if you know the cost price and profit percentage?

Back

Selling Price = Cost Price + (Cost Price x Profit Percentage / 100).

Front

What is the difference between increase and decrease in percentage terms?

Back

Increase is calculated as a positive change, while decrease is a negative change, both expressed as a percentage of the original value.