A furniture store was having Valentine's Day discount of 15% off its usual price. The GST is at 7%. Tiffany used her credit card to purchase a kitchen table and Dylan used cash to pay for a similar kitchen table.
- How much did Tiffany pay in the end after GST? Round off your answer to the nearest cent.
- How much did Dylan pay in the end after GST? Round off your answer to the nearest ten cent.
New kitchen table Usual Price: $840 |
Further Discount: Pay by credit card: 5% off discounted price before GST!
Pay by cash: $60 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$840 |
$840 |
Less 15% discount |
- $126.00 |
- $126.00 |
Price after 15% discount |
$714.00 |
$714.00 |
Less further discount |
- $35.70 |
- $60 |
Price after further discount |
$678.30 |
$654.00 |
Price after GST of 7% |
$725.78 |
$699.80 |
(a)
New selling price after 15% discount
= 100% - 15%
= 85%
Price of the kitchen table after Valentine's Day discount
= 85% x 840
=
95100 x 840
= $714.00
New selling price after 5% further discount
= 100% - 5%
= 95%
Price of the kitchen table after credit card discount
= 95% x 714.00
=
95100 x 714.00
= $678.30
Price to pay after including GST
= 100% + 7%
= 107%
Price of the kitchen table after GST
= 107% x 678.30
=
107100 x 678.30
≈ $725.78 (Round off to nearest cent)
(b)
Price of the kitchen table after cash discount
= 714.00 - 60
= $654.00
Price of the kitchen table after GST
= 107% x 654.00
=
107100 x 654.00
≈ $699.80 (Round off to nearest ten cent)
Answer(s): (a) $725.78; (b) $699.80