Need help with 4 and 5- 4. Compare the following purchase options of the SAME PRODUCT by estimationOPTION 1) 1-litre bottle for C$19.99 + 13% HSTOPTION 2) Pack of 3 1-litre bottles for C$69.99 + 13% HSTOPTION 3) 20-litre container for US$279.99 + 6% tax (1.00 USD = 1.26 CAD)AFTER-TAXOPTIONITEMPRICETAXAFTER-TAXCOSTC$/LITRECOST (C$)11-litre bottleC$19.99 +13% HSTPack of 3 1-C$69.99 +2litre bottles13% HSTUS$279.99320-litrecontainer+ 6% taxCheapest option:5. Compare the following purchase options of the SAME PRODUCT by exact calculationOPTION 1) 1-litre bottle for C$19.99 + 13% HSTOPTION 2) Pack of 3 1-litre bottles for C$69.99 + 13% HSTOPTION 3) 20-litre container for US$279.99 + 6% tax (1.00 USD = 1.26 CAD)OPTIONITEMPRICETAXAFTER-TAX AFTER-TAXCOSTCOST (C$)C$/LITRE11-litre bottleC$19.99 +13% HSTPack of 3 1-C$69.99 +213% HSTlitre bottles20-litrecontainerUS$279.993+ 6% taxCheapest option:

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Business

Accounting

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

Problem 1Q

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Question

Need help with 4 and 5-

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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