Answered: If the price of an item displayed as…

If the price of an item displayed as $44 (GST inclusive) then what is the GST component? Select one:$44 divided by 1/11None of these10% of $4411% of $44$44 multiply by 1/11Clear my choice

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

If the price of an item displayed as $44 (GST inclusive) then what is the GST component?

Select one:
$44 divided by 1/11
None of these
10% of $44
11% of $44
$44 multiply by 1/11
Clear my choice

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