Mr Lukman sets aside a budget of $1000 to buy a home theatre system. The price of a home theatre system before GST is $900. Will the price of the home theatre system after GST be more or less than hid budget?

Answer 1

The price of the home theatre system before GST is $900.

GST (Goods and Services Tax) is a tax imposed on goods and services in many countries, including Singapore. The current rate of GST in Singapore is 7%.

To calculate the price of the home theatre system after GST, we need to add the GST amount to the price before GST.

GST amount = 7% of $900 = $63

Therefore, the price of the home theatre system after GST is $900 + $63 = $963.

Since the price after GST is less than Mr Lukman's budget of $1000, the price of the home theatre system after GST will be less than his budget.