Difference between revisions of "1953 AHSME Problems/Problem 16"
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==Solution== | ==Solution== | ||
| + | Let the cost of the product be C, and the selling price be S. Since Adams wants a 10% profit on the sale, and his expenses are 15% of the sale, we add <math>0.10S</math> and <math>0.15S</math> to the cost to get the selling price. | ||
| + | Then, <math>S=C+0.15S+0.10S \Rightarrow 0.75S=C \Rightarrow S=\frac{4}{3}C \Rightarrow \fbox{D}</math>. | ||
==See Also== | ==See Also== | ||
Revision as of 11:30, 22 April 2020
Problem 16
Adams plans a profit of 
% on the selling price of an article and his expenses are 
% of sales. The rate of markup on an article that sells for $ 
is:
Solution
Let the cost of the product be C, and the selling price be S. Since Adams wants a 10% profit on the sale, and his expenses are 15% of the sale, we add 
and 
to the cost to get the selling price.
Then, 
.
See Also
| 1953 AHSC (Problems • Answer Key • Resources) | ||
| Preceded by Problem 15 |
Followed by Problem 17 | |
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| All AHSME Problems and Solutions | ||
The problems on this page are copyrighted by the Mathematical Association of America's American Mathematics Competitions. 
