A furniture store was having Easter discount of 15% off its usual price. The GST is at 6%. Tina used her credit card to purchase a breakfast hutch and Fabian used cash to pay for a similar breakfast hutch.
- How much did Tina pay in the end after GST? Round off your answer to the nearest cent.
- How much did Fabian pay in the end after GST? Round off your answer to the nearest ten cent.
New breakfast hutch Usual Price: $1000 |
Further Discount: Pay by credit card: 5% off discounted price before GST!
Pay by cash: $15 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$1000 |
$1000 |
Less 15% discount |
- $150.00 |
- $150.00 |
Price after 15% discount |
$850.00 |
$850.00 |
Less further discount |
- $42.50 |
- $15 |
Price after further discount |
$807.50 |
$835.00 |
Price after GST of 6% |
$855.95 |
$885.10 |
(a)
New selling price after 15% discount
= 100% - 15%
= 85%
Price of the breakfast hutch after Easter discount
= 85% x 1000
=
95100 x 1000
= $850.00
New selling price after 5% further discount
= 100% - 5%
= 95%
Price of the breakfast hutch after credit card discount
= 95% x 850.00
=
95100 x 850.00
= $807.50
Price to pay after including GST
= 100% + 6%
= 106%
Price of the breakfast hutch after GST
= 106% x 807.50
=
106100 x 807.50
≈ $855.95 (Round off to nearest cent)
(b)
Price of the breakfast hutch after cash discount
= 850.00 - 15
= $835.00
Price of the breakfast hutch after GST
= 106% x 835.00
=
106100 x 835.00
≈ $885.10 (Round off to nearest ten cent)
Answer(s): (a) $855.95; (b) $885.10