Difference between revisions of "1953 AHSME Problems/Problem 16"

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{{AHSME 50p box|year=1953|num-b=15|num-a=17}}
  
 
[[Category:Introductory Algebra Problems]]
 
[[Category:Introductory Algebra Problems]]
 
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Revision as of 23:46, 25 January 2020

Problem 16

Adams plans a profit of $10$ % on the selling price of an article and his expenses are $15$ % of sales. The rate of markup on an article that sells for $ $5.00$ is:

$\textbf{(A)}\ 20\% \qquad \textbf{(B)}\ 25\% \qquad \textbf{(C)}\ 30\% \qquad \textbf{(D)}\ 33\frac {1}{3}\% \qquad \textbf{(E)}\ 35\%$

Solution

See Also

1953 AHSC (ProblemsAnswer KeyResources)
Preceded by
Problem 15
Followed by
Problem 17
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