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23 September, 11:38

A store's selling price of $2,240 for a certain computer would yield a profit of 40 percent of the store's cost for the computer. What selling price would yield a profit of 50 percent of the computer's cost?

A.$2,400

B.$2,464

C.$2,650

D.$2,732

E.$2,800

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Answers (1)
  1. 23 September, 13:38
    0
    Correct option is (A)

    Explanation:

    Given:

    40% gain would be yielded on selling price of $2,240.

    Let cost price be x.

    Cost price will be 140% or 1.4 times cost price is selling price. It can be written in the following equation form:

    1.4x = 2,240

    x = 2,240 / 1.4

    x = $1,600

    Cost price = $1,600

    Desired profit = 50%

    Selling price = 1.5 times cost price

    = 1.5 * 1,600

    = $2,400
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