A furniture store was having National Day discount of 20% off its usual price. The GST is at 8%. Penelope used her credit card to purchase a kitchen table and Zane used cash to pay for a similar kitchen table.
- How much did Penelope pay in the end after GST? Round off your answer to the nearest cent.
- How much did Zane pay in the end after GST? Round off your answer to the nearest ten cent.
New kitchen table Usual Price: $580 |
Further Discount: Pay by credit card: 5% off discounted price before GST!
Pay by cash: $30 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$580 |
$580 |
Less 20% discount |
- $116.00 |
- $116.00 |
Price after 20% discount |
$464.00 |
$464.00 |
Less further discount |
- $23.20 |
- $30 |
Price after further discount |
$440.80 |
$434.00 |
Price after GST of 8% |
$476.06 |
$468.70 |
(a)
New selling price after 20% discount
= 100% - 20%
= 80%
Price of the kitchen table after National Day discount
= 80% x 580
=
95100 x 580
= $464.00
New selling price after 5% further discount
= 100% - 5%
= 95%
Price of the kitchen table after credit card discount
= 95% x 464.00
=
95100 x 464.00
= $440.80
Price to pay after including GST
= 100% + 8%
= 108%
Price of the kitchen table after GST
= 108% x 440.80
=
108100 x 440.80
≈ $476.06 (Round off to nearest cent)
(b)
Price of the kitchen table after cash discount
= 464.00 - 30
= $434.00
Price of the kitchen table after GST
= 108% x 434.00
=
108100 x 434.00
≈ $468.70 (Round off to nearest ten cent)
Answer(s): (a) $476.06; (b) $468.70