The GST calculator can compute the Net price, GST amount, and Gross price when the price and GST rate are known.
The following formulas are used:
Net Price = Gross Price ÷ (1 + GST Rate ÷ 100)
GST Amount = Net Price × (GST Rate ÷ 100)
Gross Price = Net Price × (1 + GST Rate ÷ 100)
Add GST for:
Apply the values in the formula:
GST = 1,700 × (10 ÷ 100)
= 1,700 × 0.1
= $170
Gross price = $1,700 + $170 = $1,870
Remove GST from:
Net price = 2,645 ÷ (1 + 15 ÷ 100)
= 2,645 ÷ 1.15
= $2,300
GST = 2,645 - 2,300 = $345