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

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Manager
Joined: 06 Nov 2008
Posts: 53

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

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09 Nov 2008, 12:21
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%
Answer:
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SVP
Joined: 17 Jun 2008
Posts: 1534

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Re: gross profit--29 [#permalink]

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09 Nov 2008, 12:33
15%.

1.1x = 44. Hence, x = 40.
perecnt increase = (46-40)/40 = 15%.

Kudos [?]: 280 [0], given: 0

Re: gross profit--29   [#permalink] 09 Nov 2008, 12:33
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# A toy store s gross profit on a computer game was 10 percent

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