document.write( "Question 1119290: A shopkeeper bought a coat for
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document.write( "$100
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document.write( ". How much must it be priced, inclusive of
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document.write( "7%
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document.write( "GST, if she wants to make a profit of
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document.write( "37%
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document.write( "on the cost price? \n" );
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Algebra.Com's Answer #734857 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "The statement of the problem is misleading. The sales tax has nothing to do with the price she needs to set to make a 37% profit. \n" ); document.write( "If the cost was $100, the profit needs to be 37% of $100, which is $37; so the sale price must be $137. \n" ); document.write( "The cost to the customer will be $137 plus 7% sales tax, or 1.07($137) = 146.59; but that figure has anything to do with the question that was asked. \n" ); document.write( " |