A new television had an original price of $4480. During a storewide sale, the price of the television was marked down by 20%. How much was the 7% GST levied on the television after discount?
Question
A new television had an original price of $4480. During a storewide sale, the price of the television was marked down by 20%. How much was the 7% GST levied on the television after discount?
Solution
Step 1: Calculate the discount on the television.
The television was marked down by 20%. So, we calculate 20% of the original price ($4480).
20/100 * 4480 = $896
Step 2: Calculate the price of the television after the discount.
Subtract the discount from the original price.
4480 - 896 = $3584
Step 3: Calculate the GST on the discounted price.
The GST is 7% of the discounted price. So, we calculate 7% of $3584.
7/100 * 3584 = $250.88
So, the GST levied on the television after the discount was $250.88.
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