A phone costs \$1200 in Singapore. In another country, the same phone costs 5200 units of local currency, and there is a 5% tax on the price. The exchange rate is \$1 = 3.25 units of local currency. Find, correct to 1 decimal place, the percentage savings if you buy the phone in the other country instead of in Singapore.

40.0% more expensive overseas (no savings)

EM-2461

Percentages

E Math · Secondary 4 · Hard · Percentages

A phone costs \200 in Singapore.
In another country, the same phone costs 5200 units of local currency, and there is a 5% tax on the price.
The exchange rate is \ = 3.25 units of local currency.

Find, correct to 1 decimal place, the percentage savings if you buy the phone in the other country instead of in Singapore.

40.0% more expensive overseas (no savings)
40.0% cheaper overseas
28.0% cheaper overseas
28.0% more expensive overseas

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