The Healthy Food Guide I bought yesterday had two prices printed on the cover.
One was $5.50 including 12.5% GST before October 1 the other, from October 1 was $5.70 including GST of 15%.
Does that mean the extra 2.5% on the cost of the magazine is 20 cents?
I didn’t think so and the handy TV3 calculator confirmed my doubt – the GST increase will be 12 cents.
The company could have rounded the price down to $5.60 but has chosen to round it up eight cents to $5.70.
It may be able to justify the extra eight cents because of other price rises but it shouldn’t try to blame it on GST.