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100 points for $49 worth of Veritas practice GMATs FREE VERITAS PRACTICE GMAT EXAMS Earn 10 Points Per Post Earn 10 Points Per Thanks Earn 10 Points Per Upvote A toy store's gross profit on a computer game was 10%... tagged by: swerve This topic has 1 expert reply and 0 member replies Top Member A toy store's gross profit on a computer game was 10%... A toy store's gross profit on a computer game was 10% 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% The OA is E. Please, can any expert explain this PS question for me? I can't get the correct answer. I need your help. Thanks. GMAT/MBA Expert GMAT Instructor Joined 25 May 2010 Posted: 14945 messages Followed by: 1855 members Upvotes: 13060 GMAT Score: 790 swerve wrote: A toy store's gross profit on a computer game was 10% 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% A toy store's gross profit on a computer game was 10% of the cost of the game. The store increased the selling price of the game from$44.

Since $44 yields 10% profit -- and 44 is 10% more than 40 -- the cost price of the game = 40. If the store increased the selling price of the game 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?
Profit = (new selling price) - (cost price) = 46-40 = 6.
Profit percentage = (profit/cost) * 100 = (6/40) * 100 = 15.

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