You bought a new car in Ontario for $19 500 which included HST. What is the total amount of HST that you paid?
A) $2535.00
B) $2243.36
C) $2913.79
D) $1197.37
E) $171.05

Question

Quizplus · Accepted Answer

To find the amount of HST paid, we first need to determine the portion of the price that is not HST. We can do this by dividing the total price by 1 + the HST rate. In Ontario, the HST rate is 13%, so we divide $19,500 by 1.13:

$19,500 ÷ 1.13 = $17,256.64

This means that $17,256.64 of the total price is the actual cost of the car, while the remaining $2,243.36 is the HST paid. Therefore, the answer is B.

You Bought a New Car in Ontario for $19 500