Post a New Question

Math

posted by .

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?

Help me please, My teacher gave me no notes or examples on this, this assignment is already due please help, i posted this question yesterday and noone helped. please help me!!!!!!!!!

  • Math -

    right now tax is .12(50000) = 6000

    after april
    PST= .07(50000) = 3500
    GST = .06(50000) = 3000
    new tax is 6500

    so savings is 6500-600 = 500

    What I had suggested in the earlier post is to simply take the difference in the percents
    12% vs (6+7)%
    that difference is 1%
    and 1% of 50000 = 500

    Canadian , eh?

  • correction -Math -

    my answer is wrong, I did not read the question carefully enough

    after april they are charged only the GST
    which is .06(50000) = 3000

    so they would save $3000

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    I just have one quick ( millionth ) question. :) how much is PST and GST right now?
  2. math

    if $1747.56 is including HST, what is that price without the HST?
  3. physics-telescope

    The Hubble Space Telescope (HST) can resolve objects that have a small angular separation because there is no atmospheric distortion of the light. (i.e. The HST has excellent resolving power.) Its 2.4-m-diameter primary mirror can …
  4. MATH

    What is $1294.00 Plus HST? HST = 12%
  5. Math 9

    1. A premium box ticket at the Canucks game is $60 more than the low section next to the glass. The middle section is $90 less than the box section. The total for these three seats is $360. How much does each seat cost?
  6. Math 9

    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 …
  7. math 9 help

    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 …
  8. Math 9

    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 …
  9. accounting

    Test question: On July 31, 2012, Buddy’s Bathtub Renovations Inc. invested $98,000 in U.S. Treasury bills. The bills mature in 120 days at $100,000. Prepare a journal entry
  10. math

    certain superstores will often price match or even beat a competitor's price by 10%.the function g(x)=0.90x represents the sale price of a piece of merchandise at such a superstore.the function f(x)=0.13x represents the HST owed on …

More Similar Questions

Post a New Question