A furniture store was having Grand Opening discount of 25% off its usual price. The GST is at 9%. Irene used her credit card to purchase a book shelf and Jack used cash to pay for a similar book shelf.
- How much did Irene pay in the end after GST? Round off your answer to the nearest cent.
- How much did Jack pay in the end after GST? Round off your answer to the nearest ten cent.
New book shelf Usual Price: $520 |
Further Discount: Pay by credit card: 5% off discounted price before GST!
Pay by cash: $80 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$520 |
$520 |
Less 25% discount |
- $130.00 |
- $130.00 |
Price after 25% discount |
$390.00 |
$390.00 |
Less further discount |
- $19.50 |
- $80 |
Price after further discount |
$370.50 |
$310.00 |
Price after GST of 9% |
$403.85 |
$337.90 |
(a)
New selling price after 25% discount
= 100% - 25%
= 75%
Price of the book shelf after Grand Opening discount
= 75% x 520
=
95100 x 520
= $390.00
New selling price after 5% further discount
= 100% - 5%
= 95%
Price of the book shelf after credit card discount
= 95% x 390.00
=
95100 x 390.00
= $370.50
Price to pay after including GST
= 100% + 9%
= 109%
Price of the book shelf after GST
= 109% x 370.50
=
109100 x 370.50
≈ $403.85 (Round off to nearest cent)
(b)
Price of the book shelf after cash discount
= 390.00 - 80
= $310.00
Price of the book shelf after GST
= 109% x 310.00
=
109100 x 310.00
≈ $337.90 (Round off to nearest ten cent)
Answer(s): (a) $403.85; (b) $337.90