A house is being renovated for $50,000. Right now the HST is 12% and is charged on all renovations. After April the HST will be gone and be replaced with PST of 7% and the GST of 6%. Renovations will only have to charge GST. How much money will the homeowner save if they wait until April to get the renovations done?

I posted this question yesterday and I still didn't receive help. Please help me, this is due already

You must have notes on this section. Please review the examples the teacher has gone with you.

my teacher has given us no notes or examples, that's why im asking for help

Don't be scared by all the words.

Right now, the HST is 12% of 50000, or 6000

Later, there will be
PST of 7% of 50000, or 3500
GST of 6% of 50000, or 3000

However, they only have to pay the GST, so they save 6000-3000 = $3000

For this kind of blizzard of words, just take each sentence and figure out what it means, then write it in symbols that you can use to calculate and answer.

Just a note: the wording of the problem is bad. It says that "after April" the taxes change. Presumably that means after April 30.

But they as what will happen if they wait "until April" which I take to mean after April 1st.

omg thank you so much, you saved my life! so the answer is $3000 right?, thank you!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

To find out how much money the homeowner will save if they wait until April to get the renovations done, we can calculate the difference in the taxes charged before and after April.

Currently, the house renovation cost is subject to HST at 12%. Therefore, the tax amount charged on the renovation is:

Tax amount = 12% of $50,000 = $6,000

After April, the HST will be replaced with PST at 7% and GST at 6%. Renovations will only be subject to GST.

So, the tax amount charged on the renovation after April will be:

Tax amount = 6% of $50,000 = $3,000

To calculate the savings, we need to find the difference between the current tax amount and the tax amount after April:

Savings = Current tax amount - Tax amount after April
= $6,000 - $3,000
= $3,000

Therefore, the homeowner will save $3,000 if they wait until April to get the renovations done.