A furniture store was having Chinese New Year discount of 20% off its usual price. The GST is at 9%. Julie used her credit card to purchase a kitchen table and Bryan used cash to pay for a similar kitchen table.
- How much did Julie pay in the end after GST? Round off your answer to the nearest cent.
- How much did Bryan pay in the end after GST? Round off your answer to the nearest ten cent.
New kitchen table Usual Price: $700 |
Further Discount: Pay by credit card: 15% off discounted price before GST!
Pay by cash: $65 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$700 |
$700 |
Less 20% discount |
- $140.00 |
- $140.00 |
Price after 20% discount |
$560.00 |
$560.00 |
Less further discount |
- $84.00 |
- $65 |
Price after further discount |
$476.00 |
$495.00 |
Price after GST of 9% |
$518.84 |
$539.60 |
(a)
New selling price after 20% discount
= 100% - 20%
= 80%
Price of the kitchen table after Chinese New Year discount
= 80% x 700
=
85100 x 700
= $560.00
New selling price after 15% further discount
= 100% - 15%
= 85%
Price of the kitchen table after credit card discount
= 85% x 560.00
=
85100 x 560.00
= $476.00
Price to pay after including GST
= 100% + 9%
= 109%
Price of the kitchen table after GST
= 109% x 476.00
=
109100 x 476.00
≈ $518.84 (Round off to nearest cent)
(b)
Price of the kitchen table after cash discount
= 560.00 - 65
= $495.00
Price of the kitchen table after GST
= 109% x 495.00
=
109100 x 495.00
≈ $539.60 (Round off to nearest ten cent)
Answer(s): (a) $518.84; (b) $539.60