SOLUTION: a retailer employs a pricing scheme where the ticketed price of items in the store is made up in the ratio, Cost :profit : GST = 7:3:1. for an item costing $35 what is the tickete

Question 1007699: a retailer employs a pricing scheme where the ticketed price of items in the store is made up in the ratio, Cost :profit : GST = 7:3:1. for an item costing $35 what is the ticketed price

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
a retailer employs a pricing scheme where the ticketed price of items in the store is made up in the ratio, Cost :profit : GST = 7:3:1. for an item costing $35 what is the ticketed price
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7:3:1 is the same 7x:3x:x
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Since cost is 35, 7x = 35
x = 5
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Since GST = x, the ticketed price = $5
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Cheers,
Stan H.
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