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    Sweetieface's Avatar
    Sweetieface Posts: 3, Reputation: 1
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    #1

    Dec 20, 2005, 10:20 AM
    Taking out PST tax
    I would like to know how to take out the PST tax (which is 8%) that is included in this price $452 000.
    NeedKarma's Avatar
    NeedKarma Posts: 10,635, Reputation: 1706
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    #2

    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's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #3

    Dec 20, 2005, 11:39 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? Because if it does, then X x 1.15 = 452, 000
    X = 393,043.48 x 1.07
    x = 420,556.52
    NeedKarma's Avatar
    NeedKarma Posts: 10,635, Reputation: 1706
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    #4

    Dec 20, 2005, 12:07 PM
    It's nice to see a thread with 100% Canadian content. :D
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #5

    Dec 20, 2005, 12:33 PM
    Quote Originally Posted by NeedKarma
    It's nice to see a thread with 100% Canadian content. :D
    Indeed it is :D
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