Taking out PST tax

Sweetieface · #1 Dec 20, 2005, 09:20 AM

I would like to know how to take out the PST tax (which is 8%) that is included in this price $452 000.

NeedKarma · Dec 20, 2005, 09:54 AM

X is what you are looking for (the original selling price)
So the original selling price was multiplied by 1.08 to get the final price with tax.
Therefore X * 1.08 = 452,000
X = 452,000/1.08
X = 418,518.52 (rounded off)

CaptainForest · Dec 20, 2005, 10:39 AM

Quote:

Originally Posted by NeedKarma

X is what you are looking for (the original selling price)
So the original selling price was multiplied by 1.08 to get the final price with tax.
Therefore X * 1.08 = 452,000
X = 452,000/1.08
X = 418,518.52 (rounded off)

I agree if its just the PST.

But does that price also include GST? b/c if it does, then X x 1.15 = 452, 000
X = 393,043.48 x 1.07
x = 420,556.52

NeedKarma · Dec 20, 2005, 11:07 AM

It's nice to see a thread with 100% Canadian content.

CaptainForest · Dec 20, 2005, 11:33 AM

Quote:

Originally Posted by NeedKarma

It's nice to see a thread with 100% Canadian content.

Indeed it is



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