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BTGmoderatorLU
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An appliance store acquired a refrigerator at a cost of x dollars and sold the item for y dollars. The cost of the item was what percent of its selling price?
(1) The gross profit from the item was 25% of the cost of the item.
(2) The gross profit from the item was 20% of the selling price of the item.
The OA is D.
I don't understand why D is the correct answer. Can any expert explain this DS question please? Thanks.
(1) The gross profit from the item was 25% of the cost of the item.
(2) The gross profit from the item was 20% of the selling price of the item.
The OA is D.
I don't understand why D is the correct answer. Can any expert explain this DS question please? Thanks.
