A furniture store was having Lunar New Year discount of 15% off its usual price. The GST is at 4%. Marion used her credit card to purchase a kitchen table and Caden used cash to pay for a similar kitchen table.
- How much did Marion pay in the end after GST? Round off your answer to the nearest cent.
- How much did Caden pay in the end after GST? Round off your answer to the nearest ten cent.
New kitchen table Usual Price: $340 |
Further Discount: Pay by credit card: 15% off discounted price before GST!
Pay by cash: $20 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$340 |
$340 |
Less 15% discount |
- $51.00 |
- $51.00 |
Price after 15% discount |
$289.00 |
$289.00 |
Less further discount |
- $43.35 |
- $20 |
Price after further discount |
$245.65 |
$269.00 |
Price after GST of 4% |
$255.48 |
$279.80 |
(a)
New selling price after 15% discount
= 100% - 15%
= 85%
Price of the kitchen table after Lunar New Year discount
= 85% x 340
=
85100 x 340
= $289.00
New selling price after 15% further discount
= 100% - 15%
= 85%
Price of the kitchen table after credit card discount
= 85% x 289.00
=
85100 x 289.00
= $245.65
Price to pay after including GST
= 100% + 4%
= 104%
Price of the kitchen table after GST
= 104% x 245.65
=
104100 x 245.65
≈ $255.48 (Round off to nearest cent)
(b)
Price of the kitchen table after cash discount
= 289.00 - 20
= $269.00
Price of the kitchen table after GST
= 104% x 269.00
=
104100 x 269.00
≈ $279.80 (Round off to nearest ten cent)
Answer(s): (a) $255.48; (b) $279.80