Financial Mathematics Vocabulary receipts financial inclusive discounts interpret best buys Goods and Services Tax (GST) comparing percentage saving price per unit unit pricing purchases profit loss Selling price cost price
We need to revise percentages!
Goods and Services Tax (GST) Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. It is generally included in the price of goods on the shelf. You can see the GST included on your shopping receipt.
Value for Money To save money and get value when purchasing, what are some questions we should ask ourselves?
Profit and Loss The selling price of goods is usually higher than their cost price. The difference between the two is known as profit.
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