Free Practice Question
PS · Problem Solving
705-805
percent
A store sold 60 percent of the hats from a shipment of hats at a selling price that was 50 percent greater than the store's cost for each hat. Then the store reduced the selling price by 66 2/3 percent and sold 70 percent of the remaining hats at the reduced selling price. If the store did not sell any other hats from the shipment, then the store's gross profit from the sale of the hats from the shipment was what percent of the store's cost for the hats from the shipment?
Answer Choices
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1%
B
4%
C
9%
D
13%
E
25%
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Explanation
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Difficulty
705-805
Type
PS
Category