Question

Mahal of Winnipeg, Manitoba, bought a ring for $6400. Since the jeweller is shipping the ring,...

Mahal of Winnipeg, Manitoba, bought a ring for $6400. Since the jeweller is shipping the ring, she must pay a shipping charge of $20. She must also pay GST (5%) and PST (8%) on the ring. Determine the total purchase price of Mahal’s ring.

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Answer #1
As the jeweller is paying for the shipping and he is
to be paid the invoice price+shipping charge, taxes
are to be calculated on 6400+20 = $6,420.
The total purchase price would be:
Price of the ring+Shipping cost $         6,420.00
GST 5% on 6420 = $            321.00
PST 8% on 6420 = $            513.60
Total purchase price $         7,254.60
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