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?

Thanks Reiny for #1 but i still need help on this one... i just don't get it pleese help me

To calculate how much money the homeowner will save if they wait until April to get the renovations done, we need to determine the difference in taxes paid before and after April.

Currently, the HST is 12% and is charged on all renovations. Therefore, the amount paid in taxes is 12% of the renovation cost of $50,000, which is 0.12 * $50,000 = $6,000.

After April, the HST will be replaced with PST of 7% and GST of 6%. Renovations will only have to charge GST. This means the homeowner will only have to pay GST of 6% on the renovation cost.

So, the amount paid in taxes after April will be 6% of the renovation cost of $50,000, which is 0.06 * $50,000 = $3,000.

To calculate the amount of money saved, we need to find the difference between the taxes paid before and 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.