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A certain manufacturer increased its gross profit on a

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A certain manufacturer increased its gross profit on a [#permalink]

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New post 27 Nov 2012, 01:23
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A certain manufacturer increased its gross profit on a product from 10 percent of the cost of the product to 15 percent of the cost by changing the selling price. If the new selling price was $92.00 and the cost of the product remained the same, what was the old selling price?

A. $77.40
B. $80.00
C. $83.64
D. $87.40
E. $88.00

Last edited by Bunuel on 27 Nov 2012, 03:20, edited 1 time in total.
Renamed the topic and edited the tags.
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Re: A certain manufacturer increased its gross profit on a [#permalink]

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New post 27 Nov 2012, 03:19
saxenarahul021 wrote:
A certain manufacturer increased its gross profit on a product from 10 percent of the cost of the product to 15 percent of the cost by changing the selling price. If the new selling price was $92.00 and the cost of the product remained the same, what was the old selling price?

A. $77.40
B. $80.00
C. $83.64
D. $87.40
E. $88.00


Given that {cost of the product}*1.15=$92 --> {cost of the product}=$80.

The old price was $80*1.1=$88.

Answer: E.
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Re: A certain manufacturer increased its gross profit on a [#permalink]

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New post 23 Aug 2016, 07:18
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Re: A certain manufacturer increased its gross profit on a   [#permalink] 23 Aug 2016, 07:18
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