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Question
A music store sold a guitar for dollars. If the store's gross profit on the guitar was of the store's cost for the guitar, how many dollars was the gross profit?
Answer Choices
- A.
- B.
- C.
- D.
- E.
Steps
| Explanation | Calculations | Help |
|---|---|---|
We create an unknown for the store's cost of the guitar | Theory & Tactics Method Card TRANS1-A Click to view full details | |
We translate "gross profit on the guitar was 20% of the store's cost for the guitar" into a percentage relationship | Theory & Tactics Method Card TRANS2-A Click to view full details | |
We set the selling price equal to the sum of cost and profit | ||
We combine like terms and solve for the store's cost | ||
We calculate the gross profit by finding 20% of the cost | Theory & Tactics Method Card FDPR4-A Click to view full details |
Scroll horizontally to view all columns
Final Answer
B
Question
A music store sold a guitar for dollars. If the store's gross profit on the guitar was of the store's cost for the guitar, how many dollars was the gross profit?
Answer Choices
- A.
- B.
- C.
- D.
- E.
Steps
| Explanation | Calculations | Help |
|---|---|---|
We create an unknown for the store's cost of the guitar | Theory & Tactics Method Card TRANS1-A Click to view full details | |
We translate "gross profit on the guitar was 20% of the store's cost for the guitar" into a percentage relationship | Theory & Tactics Method Card TRANS2-A Click to view full details | |
We set the selling price equal to the sum of cost and profit | ||
We combine like terms and solve for the store's cost | ||
We calculate the gross profit by finding 20% of the cost | Theory & Tactics Method Card FDPR4-A Click to view full details |
Scroll horizontally to view all columns
Final Answer
B