A furniture store was having Grand Opening discount of 30% off its usual price. The GST is at 4%. Gwen used her credit card to purchase a kitchen table and Oliver used cash to pay for a similar kitchen table.
- How much did Gwen pay in the end after GST? Round off your answer to the nearest cent.
- How much did Oliver pay in the end after GST? Round off your answer to the nearest ten cent.
New kitchen table Usual Price: $700 |
Further Discount: Pay by credit card: 15% off discounted price before GST!
Pay by cash: $30 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$700 |
$700 |
Less 30% discount |
- $210.00 |
- $210.00 |
Price after 30% discount |
$490.00 |
$490.00 |
Less further discount |
- $73.50 |
- $30 |
Price after further discount |
$416.50 |
$460.00 |
Price after GST of 4% |
$433.16 |
$478.40 |
(a)
New selling price after 30% discount
= 100% - 30%
= 70%
Price of the kitchen table after Grand Opening discount
= 70% x 700
=
85100 x 700
= $490.00
New selling price after 15% further discount
= 100% - 15%
= 85%
Price of the kitchen table after credit card discount
= 85% x 490.00
=
85100 x 490.00
= $416.50
Price to pay after including GST
= 100% + 4%
= 104%
Price of the kitchen table after GST
= 104% x 416.50
=
104100 x 416.50
≈ $433.16 (Round off to nearest cent)
(b)
Price of the kitchen table after cash discount
= 490.00 - 30
= $460.00
Price of the kitchen table after GST
= 104% x 460.00
=
104100 x 460.00
≈ $478.40 (Round off to nearest ten cent)
Answer(s): (a) $433.16; (b) $478.40