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What is the percent profit an ice cream seller makes on vanilla ice cr

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What is the percent profit an ice cream seller makes on vanilla ice cr  [#permalink]

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New post 07 Jan 2019, 04:56
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

80% (00:47) correct 20% (00:47) wrong based on 28 sessions

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Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
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What is the percent profit an ice cream seller makes on vanilla ice cr  [#permalink]

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New post Updated on: 08 Jan 2019, 01:28
Bunuel wrote:
What is the percent profit an ice cream seller makes on vanilla ice cream if vanilla ice cream costs him 90 cents per scoop to make and he sells it at $1.20 per scoop?

A. 25%
B. 30%
C. 33 1/3%
D. 40%
E. 50%



(1.2-0.9)/0.9

= 33.33% IMO C
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Originally posted by Archit3110 on 07 Jan 2019, 05:08.
Last edited by Archit3110 on 08 Jan 2019, 01:28, edited 1 time in total.
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Re: What is the percent profit an ice cream seller makes on vanilla ice cr  [#permalink]

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New post 07 Jan 2019, 05:24
profit: 120-90 cents= 30 cents per scoop
Therefore, profit %= 30/90*100= 33.33%
C is answer.
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What is the percent profit an ice cream seller makes on vanilla ice cr  [#permalink]

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New post 07 Jan 2019, 07:16
Cost Price = 90 cents
Selling Price = $1.2
Profit = 30 cents
Profit % = (Profit/Cost Price) x 100 %
= (30/90) x 100 %
= 33 1/3%
Answer Option C is Correct
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What is the percent profit an ice cream seller makes on vanilla ice cr   [#permalink] 07 Jan 2019, 07:16
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