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GMAT Prep
A retailer sold an appliance fro $80. if the retailer's gross profit on the appliance was 25 percent of the retailer's cost for the appliance, how many dollars was the retailer's gross profit?
A. $10
B. $16
C. $20
D. $24
E. $25
OA B
A retailer sold an appliance fro $80. if the retailer's gross profit on the appliance was 25 percent of the retailer's cost for the appliance, how many dollars was the retailer's gross profit?
A. $10
B. $16
C. $20
D. $24
E. $25
OA B
