A merchant sells an item at a 20% discount, but still makes a gross profit of 20 percent of the cost. What percent of

This topic has expert replies
Legendary Member
Posts: 1622
Joined: Thu Mar 01, 2018 7:22 am
Followed by:2 members

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

A merchant sells an item at a 20% discount, but still makes a gross profit of 20 percent of the cost. What percent of the cost would the gross profit on the item have been if it had been sold without the discount?

A. 20%
B. 40%
C. 50%
D. 60%
E. 75%

Answer: C

Source: Official Guide
Source: — Problem Solving |