https://file.aiquickdraw.com/mathbot/file/1727786954654dln1grfi.jpg

From the image, the problem asks to calculate the GST (Goods and Services Tax) percentage based on the following information:

- The cost of the racing suit excluding GST is **$700.00**.
- The GST-inclusive price is **$787.50**.

To find the GST percentage, we first calculate the amount of GST added:

\[
\text{GST Amount} = \text{GST-inclusive price} - \text{Price excluding GST} = 787.50 - 700 = 87.50
\]

Now, to find the percentage, we compare this GST amount to the original price of $700:

\[
\text{GST percentage} = \left(\frac{87.50}{700}\right) \times 100 = 12.5\%
\]

Thus, the GST percentage applied is **12.5%**.

Would you like more details or have any questions?

Here are 5 related questions you might want to explore:
1. How do you calculate GST when only the inclusive price and percentage are given?
2. How do you reverse a GST calculation if you know the inclusive price?
3. What are other common percentages for GST in various countries?
4. How do different tax rates affect the total cost of items?
5. How can you calculate the GST for multiple items in one transaction?

**Tip**: Always remember to check if the GST-inclusive price includes additional fees that are not part of the GST calculation.

Calculate the GST percentage applied to a racing suit that costs $700 excluding GST, with a GST-inclusive price of $787.50.

Learn how to calculate the GST percentage applied to a racing suit costing $700 excluding GST, with a GST-inclusive price of $787.50. Detailed step-by-step solution with relevant formulas and explanations. Suitable for students in Grades 5-7.

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