A toy store’s gross profit on a computer game was 10 percent 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%
Ans : E
Please explain
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%
Ans : E
Please explain
