Problem 8

Find the taxes and total cost of each item:

• Robot toy: $59.50

• Video game controller: $98.70

Given:

• PST (Provincial Sales Tax) = 8%

• GST (Goods and Services Tax) = 5%

Robot Toy ($59.50)

1. PST Calculation:

PST=$59.50×8%=$59.50×0.08=$4.76PST=$59.50×8%=$59.50×0.08=$4.76

2. GST Calculation:

GST=$59.50×5%=$59.50×0.05=$2.98GST=$59.50×5%=$59.50×0.05=$2.98

3. Total Cost:

Total Cost=$59.50+$4.76+$2.98=$67.24Total Cost=$59.50+$4.76+$2.98=$67.24

Video Game Controller ($98.70)

1. PST Calculation:

PST=$98.70×8%=$98.70×0.08=$7.90PST=$98.70×8%=$98.70×0.08=$7.90

2. GST Calculation:

GST=$98.70×5%=$98.70×0.05=$4.94GST=$98.70×5%=$98.70×0.05=$4.94

3. Total Cost:

Total Cost=$98.70+$7.90+$4.94=$111.54Total Cost=$98.70+$7.90+$4.94=$111.54

Problem 9

Calculate the sale price, PST, GST, and total cost of each item:

• Stove Top: $1340

• Oven: $1780

• Bike: $218.50

Given:

• Appliances are 15% off

• Toys are 35% off

Stove Top ($1340)

1. Sale Price Calculation:

Sale Price=$1340×(1−0.15)=$1340×0.85=$1139.00Sale Price=$1340×(1−0.15)=$1340×0.85=$1139.00

2. PST Calculation:

PST=$1139.00×8%=$1139.00×0.08=$91.12PST=$1139.00×8%=$1139.00×0.08=$91.12

3. GST Calculation:

GST=$1139.00×5%=$1139.00×0.05=$56.95GST=$1139.00×5%=$1139.00×0.05=$56.95

4. Total Cost:

Total Cost=$1139.00+$91.12+$56.95=$1287.07Total Cost=$1139.00+$91.12+$56.95=$1287.07

Oven ($1780)

1. Sale Price Calculation:

Sale Price=$1780×(1−0.15)=$1780×0.85=$1513.00Sale Price=$1780×(1−0.15)=$1780×0.85=$1513.00

2. PST Calculation:

PST=$1513.00×8%=$1513.00×0.08=$121.04PST=$1513.00×8%=$1513.00×0.08=$121.04

3. GST Calculation:

GST=$1513.00×5%=$1513.00×0.05=$75.65GST=$1513.00×5%=$1513.00×0.05=$75.65

4. Total Cost:

Total Cost=$1513.00+$121.04+$75.65=$1709.69Total Cost=$1513.00+$121.04+$75.65=$1709.69

Bike ($218.50)

1. Sale Price Calculation:

Sale Price=$218.50×(1−0.35)=$218.50×0.65=$142.03Sale Price=$218.50×(1−0.35)=$218.50×0.65=$1

42.03

2. PST Calculation:

PST=$142.03×8%=$142.03×0.08=$11.36PST=$142.03×8%=$142.03×0.08=$11.36

3. GST Calculation:

GST=$142.03×5%=$142.03×0.05=$7.10GST=$142.03×5%=$142.03×0.05=$7.10

4. Total Cost:

Total Cost=$142.03+$11.36+$7.10=$160.49Total Cost=$142.03+$11.36+$7.10=$160.49

Problem 10

Compare the oven's cost in another store with a 10% discount to the above oven's cost.

Given:

• Regular price of the oven in another store = $1690

• Discount = 10%
 1. Sale Price Calculation:

Sale Price=$1690×(1−0.10)=$1690×0.90=$1521.00Sale Price=$1690×(1−0.10)=$1690×0.90=$1521.00

2. PST Calculation:

PST=$1521.00×8%=$1521.00×0.08=$121.68PST=$1521.00×8%=$1521.00×0.08=$121.68

3. GST Calculation:

GST=$1521.00×5%=$1521.00×0.05=$76.05GST=$1521.00×5%=$1521.00×0.05=$76.05

4. Total Cost:

Total Cost=$1521.00+$121.68+$76.05=$1718.73Total Cost=$1521.00+$121.68+$76.05=$1718.73

Comparison:

• The oven above costs $1709.69

• The oven in another store costs $1718.73

Conclusion: The oven above ($1709.69) is a better buy than the one in another store ($1718.