A furniture store was having Valentine's Day discount of 30% off its usual price. The GST is at 9%. Emma used her credit card to purchase a breakfast hutch and Albert used cash to pay for a similar breakfast hutch.
- How much did Emma pay in the end after GST? Round off your answer to the nearest cent.
- How much did Albert pay in the end after GST? Round off your answer to the nearest ten cent.
New breakfast hutch Usual Price: $1400 |
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 |
$1400 |
$1400 |
Less 30% discount |
- $420.00 |
- $420.00 |
Price after 30% discount |
$980.00 |
$980.00 |
Less further discount |
- $49.00 |
- $5 |
Price after further discount |
$931.00 |
$975.00 |
Price after GST of 9% |
$1014.79 |
$1062.80 |
(a)
New selling price after 30% discount
= 100% - 30%
= 70%
Price of the breakfast hutch after Valentine's Day discount
= 70% x 1400
=
95100 x 1400
= $980.00
New selling price after 5% further discount
= 100% - 5%
= 95%
Price of the breakfast hutch after credit card discount
= 95% x 980.00
=
95100 x 980.00
= $931.00
Price to pay after including GST
= 100% + 9%
= 109%
Price of the breakfast hutch after GST
= 109% x 931.00
=
109100 x 931.00
≈ $1014.79 (Round off to nearest cent)
(b)
Price of the breakfast hutch after cash discount
= 980.00 - 5
= $975.00
Price of the breakfast hutch after GST
= 109% x 975.00
=
109100 x 975.00
≈ $1062.80 (Round off to nearest ten cent)
Answer(s): (a) $1014.79; (b) $1062.80