SOLUTION: Shannon was so happy coming back with her brand new PS5 pre-order. She was able to order from the only store that lists a price: Play N Trade Vancouver. The listed price is CA$
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Question 1164434: Shannon was so happy coming back with her brand new PS5 pre-order. She was able to order from the only store that lists a price: Play N Trade Vancouver. The listed price is CA$560 (Canadian dollars). Each Canadian dollar is worth 73 US cents.
Luckily, Shannon was able to find a 20% off coupon for one item purchased
from Play N Trade Vancouver. In addition, she received a 15% off offer for
applying for a new credit card.
Shannon had to pay the 7% provincial sales tax on the initial price before discounts and 5% Goods and Services tax on the discounted price. She must also pay 12% for shipping and handling fees on the final bill including taxes.
How much did Shannon pay (in USD) in total?
CA$1=$0.73
Price = CA$560 =$408.80
Shannon paid: $408.80 -0.20(408.80) - 0.15(408.80)
408.80-81.76-61.32
$265.72+0.07(408.80)+0.05(265.72)
265.72+28.616+13.286
265.72+28.62+13.29
307.63+0.12(307.63)
307.63+36.9156
344.5456~ 344.54.
Shannon paid US$344.54 in total.
Jose, Shannon’s significant other, decided to get a PS5 for himself. He paid a total of $375.46.
Although Jose received some discounts, he did not get the same discounts as Shannon. What percentage discount did Jose get?
To promote the sale of PS5, Sony stated a campaign in the US promising 17% discount and 12% loyal customers additional discount. Since NJ charges only 6.625% sales tax, Sony promised its NJ customers to pay only $346.25 for the unit. However, Sony did not list the original price in this promotion.
Calculate the missing list price that Sony will offer to its NJ residents. How much does Sony lose per unit of potential income due to the discount?
