A store’s selling price of $2240 for a certain printer would yield a profit of 40 percent of the ...

A store’s selling price of $2240 for a certain printer would yield a profit of 40 percent of the store’s cost for the printer. What selling price would yield a profit of 50 percent of the printer’s cost?

Quiz

Answer/Solution

$2400

Steps/Work

1.4x = 2240
x=2240/1.4
so, 1.5X = 2240*1.5/1.4= 2400
Answer:- E