document.write( "Question 1119290: A shopkeeper bought a coat for
\n" ); document.write( "$100
\n" ); document.write( ". How much must it be priced, inclusive of
\n" ); document.write( "7%
\n" ); document.write( "GST, if she wants to make a profit of
\n" ); document.write( "37%
\n" ); document.write( "on the cost price?
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Algebra.Com's Answer #734857 by greenestamps(13200)\"\" \"About 
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\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.
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