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Adding on GST


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Last updated 26 October 2012 15:30 by NZTecAdmin

Ask your learners what they understand by GST (Goods and Service Tax).

The total price you pay for any item includes net price, mark up and GST.

Net price is how much the shop pays for the item and the mark up is the profit the shop makes. These two parts add up to the shop price.

GST is charged on top of the shop price at a rate of 15%.

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