If Spike Ltd purchases inventory for $2000, excluding GST and sells it for $3000, excluding GST. If the GST rate is 10%, how much GST should Spike Ltd remit to the ATO?:Group of answer choices$200$100$300$1000

Step 1: Calculate the GST on the purchase price. The purchase price is $2000 and the GST rate is 10$2000 * 10% = $200.

Step 2: Calculate the GST on the selling price. The selling price is $3000 and the GST rate is 10$3000 * 10% = $300.

Step 3: Calculate the amount of GST to remit to the ATO. The amount of GST to remit to the ATO is the GST on the selling price minus the GST on the purchase price. So, the amount of GST to remit to the ATO is $300 -$200 = $100.

So, the correct answer is $100.