Free Practice Question
PS · Problem Solving
555-605
Percentages
A certain manufacturer increased its gross profit on a product from 10 percent of the cost of the product to 15 percent of the cost by changing the selling price. If the new selling price was $92.00 and the cost of the product remained the same, what was the old selling price?
Answer Choices
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$77.40
B
$80.00
C
$83.64
D
$87.40
E
$88.00
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Difficulty
555-605
Type
PS
Category