Obscuring the GST by making it simple

I was helping out at Roseworthy Campus yesterday as the Vet Medicine students were learning about budgeting for a Vet Clinic as a business. One aspect of this was calculating the amount of the cost of goods and services that was GST (stands for “Goods and Services Tax” – in other countries it’s known as VAT or Sales Tax). The Excel sheet they were working in already had the formula worked in and it was this: GST = (Total Price)/11.

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