How can I calculate what the percentage of GST/HST?
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I just needed some help to figure out that the percentage of GST/HST. Kindly look at the following and please advice TAXABLE TOTAL: $1317 *GST/HST: $151.22 TOTAL: 1468.22 Your help in this matter is greatly appreciated. I would just request if some one can please explain me in accounting sense not algebra Thanks a ton!!!
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Answer:
Sorry, this is an algebra, not accounting, question. You have to live with the algebra answer: GST = Price x Rate Rate = GST / Price = 151.22 / 1317 = 0.1148 = 11.48%
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