alex.gellatly wrote:A store's selling price of $2,240 for a certain computer would yield a profit of 40 percent of the store's cost for the computer. What selling price would yield a profit of 50 percent of the computer's cost?
A. $2,400
B. $2,464
C. $2,650
D. $2,732
E. $2.800
Thanks
ALWAYS LOOK AT THE ANSWER CHOICES.
To increase the profit by 10%, 10% of the COST must be added to the selling price.
Increasing the SELLING PRICE by 10% = 2240 + 224 = 2464.
Since the cost is LESS than the selling price, adding 10% of the COST to the selling price must yield a value LESS than 2464.
The correct answer is
A.
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