A furniture store was having Christmas discount of 10% off its usual price. The GST is at 5%. Emily used her credit card to purchase a breakfast hutch and Bobby used cash to pay for a similar breakfast hutch.
- How much did Emily pay in the end after GST? Round off your answer to the nearest cent.
- How much did Bobby pay in the end after GST? Round off your answer to the nearest ten cent.
New breakfast hutch Usual Price: $640 |
Further Discount: Pay by credit card: 10% off discounted price before GST!
Pay by cash: $60 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$640 |
$640 |
Less 10% discount |
- $64.00 |
- $64.00 |
Price after 10% discount |
$576.00 |
$576.00 |
Less further discount |
- $57.60 |
- $60 |
Price after further discount |
$518.40 |
$516.00 |
Price after GST of 5% |
$544.32 |
$541.80 |
(a)
New selling price after 10% discount
= 100% - 10%
= 90%
Price of the breakfast hutch after Christmas discount
= 90% x 640
=
90100 x 640
= $576.00
New selling price after 10% further discount
= 100% - 10%
= 90%
Price of the breakfast hutch after credit card discount
= 90% x 576.00
=
90100 x 576.00
= $518.40
Price to pay after including GST
= 100% + 5%
= 105%
Price of the breakfast hutch after GST
= 105% x 518.40
=
105100 x 518.40
≈ $544.32 (Round off to nearest cent)
(b)
Price of the breakfast hutch after cash discount
= 576.00 - 60
= $516.00
Price of the breakfast hutch after GST
= 105% x 516.00
=
105100 x 516.00
≈ $541.80 (Round off to nearest ten cent)
Answer(s): (a) $544.32; (b) $541.80