PsychoBaker
Jun 5, 2017

#1**+1 **

I'm pretty sure that GST stands for **G**oods and **S**ervices **T**ax. It's a Canadian tax, so the rest of the world may be unfamiliar with such:

Anyway, let's calculate the amount paid for a DVD. To find it, find how much the discount affected the price of the DVD:

\($12.50*0.45=5.625\) | This is how much the discount affected the price. Subtract 5.625 from the original price of the DVD. |

\(12.50-5.625=$6.875\) | In the context of money, money is always rounded to the nearest hundredth place, so round this number to that decimal. |

\($6.88\) | |

Okay, now we know what the cost of the DVD is after discount is applied to the price. Now, let's add the discount. Normally, you would multiply 6.88 by 5% and then add it to 6.88, but there is actually a faster method that requires one fewer step: Multiply 6.88*1.05. See how that saves a step? Let's try it together:

\($6.88*1.05=$7.224\) | Yet again, round to the nearest hundredth. |

\($7.22\) | You are done! This is your final cost for the DVD. |

TheXSquaredFactor
Jun 5, 2017