A furniture store was having Valentine's Day discount of 15% off its usual price. The GST is at 4%. Anna used her credit card to purchase a dining table and Daniel used cash to pay for a similar dining table.
- How much did Anna pay in the end after GST? Round off your answer to the nearest cent.
- How much did Daniel pay in the end after GST? Round off your answer to the nearest ten cent.
New dining table Usual Price: $460 |
Further Discount: Pay by credit card: 5% off discounted price before GST!
Pay by cash: $75 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$460 |
$460 |
Less 15% discount |
- $69.00 |
- $69.00 |
Price after 15% discount |
$391.00 |
$391.00 |
Less further discount |
- $19.55 |
- $75 |
Price after further discount |
$371.45 |
$316.00 |
Price after GST of 4% |
$386.31 |
$328.60 |
(a)
New selling price after 15% discount
= 100% - 15%
= 85%
Price of the dining table after Valentine's Day discount
= 85% x 460
=
95100 x 460
= $391.00
New selling price after 5% further discount
= 100% - 5%
= 95%
Price of the dining table after credit card discount
= 95% x 391.00
=
95100 x 391.00
= $371.45
Price to pay after including GST
= 100% + 4%
= 104%
Price of the dining table after GST
= 104% x 371.45
=
104100 x 371.45
≈ $386.31 (Round off to nearest cent)
(b)
Price of the dining table after cash discount
= 391.00 - 75
= $316.00
Price of the dining table after GST
= 104% x 316.00
=
104100 x 316.00
≈ $328.60 (Round off to nearest ten cent)
Answer(s): (a) $386.31; (b) $328.60