Calculating GST and Pre-GST Prices

The video tutorial explains how to calculate the actual price of an item before GST is included. It uses an example where an item costs 4000 with an 18% GST included. The method involves dividing the price by 118 (100 plus GST percentage) and multiplying by 100 to find the pre-GST price. The video also highlights common mistakes and emphasizes the correct calculation method.

What is the main topic discussed in the video?

• How to negotiate prices

• How to calculate discounts

• How to find the actual price before GST

• How to increase sales

What is the purpose of the video tutorial?

• To demonstrate price negotiation techniques

• To show how to increase sales

• To teach how to calculate discounts

• To explain how to find the actual price before GST

In the example given, what is the total price of the item including GST?

• 5000

• 4000

• 4500

• 3500

What percentage of GST is included in the example price?

• 10%

• 15%

• 18%

• 20%

What is the first step in calculating the GST amount from the total price?

• Multiply the price by 18

• Add 18 to the price

• Divide the price by 100

• Subtract 18 from the price

After dividing the price by 100, what is the next step in calculating the GST amount?

• Multiply by 18

• Divide by 18

• Add 18

• Subtract 18

What is the formula used to calculate the GST amount in the example?

• Price multiplied by 18

• Price minus 18

• Price plus 18

• Price divided by 100 plus 18

What is the calculated GST amount in the example?

• 800

• 700

• 610.16

• 500

How do you find the actual price before GST?

• Divide the GST amount by the total price

• Subtract the GST amount from the total price

• Multiply the GST amount by the total price

• Add the GST amount to the total price

What is the actual price before GST in the example?

• 3500

• 4000

• 3389.84

• 3000