M Studios (Quebec) had retail sales of $293,635.25, including PST and GST, for the last quarter. In the same period M Studios purchased $250,000 worth of supplies and paid the GST on these goods. What GST must be remitted by M Studios (or refunded) for the last quarter?
A) $11,765.91
B) $269.53
C) $10,301.40
D) $451.50
E) $275.61

Question

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The Answer of M Studios (Quebec) had retail sales of $293,635.25, including PST and GST, for the last quarter. In the same period M Studios purchased $250,000 worth of supplies and paid the GST on these goods. What GST must be remitted by M Studios (or refunded) for the last quarter?
A) $11,765.91
B) $269.53
C) $10,301.40
D) $451.50
E) $275.61

M Studios (Quebec) Had Retail Sales of $293,635