A furniture store was having Mother's Day discount of 15% off its usual price. The GST is at 3%. Anna used her credit card to purchase a sofa bed and Ethan used cash to pay for a similar sofa bed.
- How much did Anna pay in the end after GST? Round off your answer to the nearest cent.
- How much did Ethan pay in the end after GST? Round off your answer to the nearest ten cent.
New sofa bed Usual Price: $2700 |
Further Discount: Pay by credit card: 10% off discounted price before GST!
Pay by cash: $5 off discounted price before GST! |
|
Credit Card |
Cash |
Usual Price |
$2700 |
$2700 |
Less 15% discount |
- $405.00 |
- $405.00 |
Price after 15% discount |
$2295.00 |
$2295.00 |
Less further discount |
- $229.50 |
- $5 |
Price after further discount |
$2065.50 |
$2290.00 |
Price after GST of 3% |
$2127.47 |
$2358.70 |
(a)
New selling price after 15% discount
= 100% - 15%
= 85%
Price of the sofa bed after Mother's Day discount
= 85% x 2700
=
90100 x 2700
= $2295.00
New selling price after 10% further discount
= 100% - 10%
= 90%
Price of the sofa bed after credit card discount
= 90% x 2295.00
=
90100 x 2295.00
= $2065.50
Price to pay after including GST
= 100% + 3%
= 103%
Price of the sofa bed after GST
= 103% x 2065.50
=
103100 x 2065.50
≈ $2127.47 (Round off to nearest cent)
(b)
Price of the sofa bed after cash discount
= 2295.00 - 5
= $2290.00
Price of the sofa bed after GST
= 103% x 2290.00
=
103100 x 2290.00
≈ $2358.70 (Round off to nearest ten cent)
Answer(s): (a) $2127.47; (b) $2358.70