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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] New post 09 Nov 2008, 11:21
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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Re: gross profit--29 [#permalink] New post 09 Nov 2008, 11:33
15%.

1.1x = 44. Hence, x = 40.
perecnt increase = (46-40)/40 = 15%.
Re: gross profit--29   [#permalink] 09 Nov 2008, 11:33
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