A merchant wants to increase the price of an item so that both the percent of increase and the resulting price in cents

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Vincen: Legendary Member; Posts: 2898; Joined: Thu Sep 07, 2017 2:49 pmFollowed by: 5 members; Thanked: 6 times

by Vincen » Mon Nov 09, 2020 7:36 am

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A merchant wants to increase the price of an item so that both the percent of increase and the resulting price in cents are positive integers. If the price of the item is $\$2.25,$ what is the least percent increase the merchant can apply? ($\$1 = 100$ cents)

A. $2\%$
B. $4\%$
C. $10\%$
D. $33\%$
E. $100\%$

Answer: B

Source: GMAT Club Tests

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Source: Beat The GMAT — Problem Solving | Mon Nov 09, 2020 7:36 am

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