A furniture store was having Lunar New Year discount of 15% off its usual price. The GST is at 3%. Hilda used her credit card to purchase a book shelf and Wesley used cash to pay for a similar book shelf.
- How much did Hilda pay in the end after GST? Round off your answer to the nearest cent.
- How much did Wesley pay in the end after GST? Round off your answer to the nearest ten cent.
New book shelf Usual Price: $1400 |
Further Discount: Pay by credit card: 10% off discounted price before GST!
Pay by cash: $45 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$1400 |
$1400 |
Less 15% discount |
- $210.00 |
- $210.00 |
Price after 15% discount |
$1190.00 |
$1190.00 |
Less further discount |
- $119.00 |
- $45 |
Price after further discount |
$1071.00 |
$1145.00 |
Price after GST of 3% |
$1103.13 |
$1179.40 |
(a)
New selling price after 15% discount
= 100% - 15%
= 85%
Price of the book shelf after Lunar New Year discount
= 85% x 1400
=
90100 x 1400
= $1190.00
New selling price after 10% further discount
= 100% - 10%
= 90%
Price of the book shelf after credit card discount
= 90% x 1190.00
=
90100 x 1190.00
= $1071.00
Price to pay after including GST
= 100% + 3%
= 103%
Price of the book shelf after GST
= 103% x 1071.00
=
103100 x 1071.00
≈ $1103.13 (Round off to nearest cent)
(b)
Price of the book shelf after cash discount
= 1190.00 - 45
= $1145.00
Price of the book shelf after GST
= 103% x 1145.00
=
103100 x 1145.00
≈ $1179.40 (Round off to nearest ten cent)
Answer(s): (a) $1103.13; (b) $1179.40