4. Compare the following purchase options of the SAME PRODUCT by estimation

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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4. Compare the following purchase options of the SAME PRODUCT by estimation
OPTION 1) 1-litre bottle for C$19.99 + 13% HST
OPTION 2) Pack of 3 1-litre bottles for C$69.99 + 13% HST
OPTION 3) 20-litre container for US$279.99 + 6% tax (1.00 USD = 1.26 CAD)
AFTER-TAX
OPTION
ITEM
PRICE
TAX
AFTER-TAX
COST
C$/LITRE
COST (C$)
1
1-litre bottle
C$19.99 +
13% HST
Pack of 3 1-
C$69.99 +
2
litre bottles
13% HST
US$279.99
3
20-litre
container
+ 6% tax
Cheapest option:
5. Compare the following purchase options of the SAME PRODUCT by exact calculation
OPTION 1) 1-litre bottle for C$19.99 + 13% HST
OPTION 2) Pack of 3 1-litre bottles for C$69.99 + 13% HST
OPTION 3) 20-litre container for US$279.99 + 6% tax (1.00 USD = 1.26 CAD)
OPTION
ITEM
PRICE
TAX
AFTER-TAX AFTER-TAX
COST
COST (C$)
C$/LITRE
1
1-litre bottle
C$19.99 +
13% HST
Pack of 3 1-
C$69.99 +
2
13% HST
litre bottles
20-litre
container
US$279.99
3
+ 6% tax
Cheapest option:
Transcribed Image Text:4. Compare the following purchase options of the SAME PRODUCT by estimation OPTION 1) 1-litre bottle for C$19.99 + 13% HST OPTION 2) Pack of 3 1-litre bottles for C$69.99 + 13% HST OPTION 3) 20-litre container for US$279.99 + 6% tax (1.00 USD = 1.26 CAD) AFTER-TAX OPTION ITEM PRICE TAX AFTER-TAX COST C$/LITRE COST (C$) 1 1-litre bottle C$19.99 + 13% HST Pack of 3 1- C$69.99 + 2 litre bottles 13% HST US$279.99 3 20-litre container + 6% tax Cheapest option: 5. Compare the following purchase options of the SAME PRODUCT by exact calculation OPTION 1) 1-litre bottle for C$19.99 + 13% HST OPTION 2) Pack of 3 1-litre bottles for C$69.99 + 13% HST OPTION 3) 20-litre container for US$279.99 + 6% tax (1.00 USD = 1.26 CAD) OPTION ITEM PRICE TAX AFTER-TAX AFTER-TAX COST COST (C$) C$/LITRE 1 1-litre bottle C$19.99 + 13% HST Pack of 3 1- C$69.99 + 2 13% HST litre bottles 20-litre container US$279.99 3 + 6% tax Cheapest option:
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