A furniture store was having Mid Year discount of 20% off its usual price. The GST is at 9%. Elyse used her credit card to purchase a study table and Bobby used cash to pay for a similar study table.
- How much did Elyse pay in the end after GST? Round off your answer to the nearest cent.
- How much did Bobby pay in the end after GST? Round off your answer to the nearest ten cent.
New study table Usual Price: $1400 |
Further Discount: Pay by credit card: 10% off discounted price before GST!
Pay by cash: $60 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$1400 |
$1400 |
Less 20% discount |
- $280.00 |
- $280.00 |
Price after 20% discount |
$1120.00 |
$1120.00 |
Less further discount |
- $112.00 |
- $60 |
Price after further discount |
$1008.00 |
$1060.00 |
Price after GST of 9% |
$1098.72 |
$1155.40 |
(a)
New selling price after 20% discount
= 100% - 20%
= 80%
Price of the study table after Mid Year discount
= 80% x 1400
=
90100 x 1400
= $1120.00
New selling price after 10% further discount
= 100% - 10%
= 90%
Price of the study table after credit card discount
= 90% x 1120.00
=
90100 x 1120.00
= $1008.00
Price to pay after including GST
= 100% + 9%
= 109%
Price of the study table after GST
= 109% x 1008.00
=
109100 x 1008.00
≈ $1098.72 (Round off to nearest cent)
(b)
Price of the study table after cash discount
= 1120.00 - 60
= $1060.00
Price of the study table after GST
= 109% x 1060.00
=
109100 x 1060.00
≈ $1155.40 (Round off to nearest ten cent)
Answer(s): (a) $1098.72; (b) $1155.40