A furniture store was having Easter discount of 25% off its usual price. The GST is at 7%. Opal used her credit card to purchase a kitchen table and Ben used cash to pay for a similar kitchen table.
- How much did Opal pay in the end after GST? Round off your answer to the nearest cent.
- How much did Ben pay in the end after GST? Round off your answer to the nearest ten cent.
New kitchen table Usual Price: $550 |
Further Discount: Pay by credit card: 5% off discounted price before GST!
Pay by cash: $10 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$550 |
$550 |
Less 25% discount |
- $137.50 |
- $137.50 |
Price after 25% discount |
$412.50 |
$412.50 |
Less further discount |
- $20.63 |
- $10 |
Price after further discount |
$391.88 |
$402.50 |
Price after GST of 7% |
$419.31 |
$430.70 |
(a)
New selling price after 25% discount
= 100% - 25%
= 75%
Price of the kitchen table after Easter discount
= 75% x 550
=
95100 x 550
= $412.50
New selling price after 5% further discount
= 100% - 5%
= 95%
Price of the kitchen table after credit card discount
= 95% x 412.50
=
95100 x 412.50
= $391.88
Price to pay after including GST
= 100% + 7%
= 107%
Price of the kitchen table after GST
= 107% x 391.88
=
107100 x 391.88
≈ $419.31 (Round off to nearest cent)
(b)
Price of the kitchen table after cash discount
= 412.50 - 10
= $402.50
Price of the kitchen table after GST
= 107% x 402.50
=
107100 x 402.50
≈ $430.70 (Round off to nearest ten cent)
Answer(s): (a) $419.31; (b) $430.70