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If a man sells \(x\) oranges for a dollar, he loses 45 percent. By how much percentage should the man reduce his cost to

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If a man sells \(x\) oranges for a dollar, he loses 45 percent. By how much percentage should the man reduce his cost to

by M7MBA » Thu Aug 20, 2020 8:17 am

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If a man sells \(x\) oranges for a dollar, he loses 45 percent. By how much percentage should the man reduce his cost to make a profit of 10 percent on selling \(2x\) oranges in a dollar?

A. 25%
B. 50%
C. 75%
D. 150%
E. 300%

Answer: C

Source: e-GMAT
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