A furniture store was having Mother's Day discount of 10% off its usual price. The GST is at 6%. Zoe used her credit card to purchase a book shelf and George used cash to pay for a similar book shelf.
- How much did Zoe pay in the end after GST? Round off your answer to the nearest cent.
- How much did George pay in the end after GST? Round off your answer to the nearest ten cent.
New book shelf Usual Price: $560 |
Further Discount: Pay by credit card: 5% off discounted price before GST!
Pay by cash: $5 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$560 |
$560 |
Less 10% discount |
- $56.00 |
- $56.00 |
Price after 10% discount |
$504.00 |
$504.00 |
Less further discount |
- $25.20 |
- $5 |
Price after further discount |
$478.80 |
$499.00 |
Price after GST of 6% |
$507.53 |
$528.90 |
(a)
New selling price after 10% discount
= 100% - 10%
= 90%
Price of the book shelf after Mother's Day discount
= 90% x 560
=
95100 x 560
= $504.00
New selling price after 5% further discount
= 100% - 5%
= 95%
Price of the book shelf after credit card discount
= 95% x 504.00
=
95100 x 504.00
= $478.80
Price to pay after including GST
= 100% + 6%
= 106%
Price of the book shelf after GST
= 106% x 478.80
=
106100 x 478.80
≈ $507.53 (Round off to nearest cent)
(b)
Price of the book shelf after cash discount
= 504.00 - 5
= $499.00
Price of the book shelf after GST
= 106% x 499.00
=
106100 x 499.00
≈ $528.90 (Round off to nearest ten cent)
Answer(s): (a) $507.53; (b) $528.90