Asked by Robin Wescott on Apr 24, 2024
Verified
The total cost of a coat, including HST of 13% on the retail price, was $281.37. What is the retail price of the coat?
HST
Harmonized Sales Tax; a combined tax in some Canadian provinces that merges the federal goods and services tax (GST) and provincial sales tax (PST).
Retail Price
The cost at which products are sold to the public, typically set higher than the wholesale price to include profit and expenses.
- Use mathematical techniques to solve difficulties encountered in business and finance situations, especially concerning taxation and alterations in pricing.
Verified Answer
HZ
Learning Objectives
- Use mathematical techniques to solve difficulties encountered in business and finance situations, especially concerning taxation and alterations in pricing.