Math 2017 Question 43

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Question 43

Mrs Brown bought the stove shown below at a discount of 20%

question 43 math 2017

(a) Calculate the discount in dollars. (1 mark)
(b) What was the cost of the stove after the discount? (1 mark)
(c) Mrs Brown paid VAT at 12 1/2% on the discounted price.
How much VAT did she pay?
(d) Calculate the final price that Mrs Brown paid for the stove.

 


 

Answer

(a) $800

(b) 3200

(c) $400

(d) $3600


Explanation

(a) Discount = Base price × percentage discount

Discount = 4000 × 20 ÷100 = $800

(b) Cost of Stove after Discount = Base Price – Discount = 4000-800 = $3200

(c) VAT = Cost of Stove after Discount × VAT Rate = 3200 × 12 ½ ÷100 = $400

(d) Total Cost of Stove = Cost of Stove after Discount + VAT = 3200+400 = $3600

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