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Gross profit is equal to selling price minus cost. A car dealer's gross profit on the sale of a certain car was what percent of the cost of the car?
(1) The selling price of the car was \(\dfrac{11}{10}\) of the cost of the car.
(2) The cost of the car was \(\$14,500.\)
Answer: A
Source: Official Guide
(1) The selling price of the car was \(\dfrac{11}{10}\) of the cost of the car.
(2) The cost of the car was \(\$14,500.\)
Answer: A
Source: Official Guide
