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A toy store s gross profit on a computer game was 10 percent

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A toy store s gross profit on a computer game was 10 percent [#permalink]

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New post 08 Nov 2008, 19:02
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

A toy store’s gross profit on a computer game was 10 percent of the cost of the game. If the store increased the selling price of the game from $44 to $46 and the cost of the game remained the same, then the store’s gross profit on the game after the price increase was what percent of the cost of the game?

A. 10.5%
B. 11%
C. 12.5%
D. 13%
E. 15%
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New post 08 Nov 2008, 19:07
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the question provides somewhat of an easy number to work with. Since they say that the current selling price is 44$. Based on the 10% margin calculation we can deduce that the cost is 40$.

Now the price has risen from 44 to 46. So gross profit is (46-40) = 6

As a percentage it is (6/40)*100 = 15%

Answer is E
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Re: A toy store s gross profit on a computer game was 10 percent [#permalink]

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New post 27 Oct 2016, 05:30
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Re: A toy store s gross profit on a computer game was 10 percent   [#permalink] 27 Oct 2016, 05:30
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