View Full Version : Taking out PST tax
Sweetieface
Dec 20, 2005, 10:20 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, 10:54 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, 11:39 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)
I agree if its just the PST.
But does that price also include GST? Because 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, 12:07 PM
It's nice to see a thread with 100% Canadian content. :D
CaptainForest
Dec 20, 2005, 12:33 PM
It's nice to see a thread with 100% Canadian content. :D
Indeed it is :D