A dress was initially listed at a price that would have given the store a profit of 20 percent of the
wholesale cost. The dress sold for 50 dollars. What was the wholesale cost of the dress?
(A) 100
(B) 90
(C) 75
(D)60
(E) Not enough information to decide
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2 comments:
e
There is not sufficient information since the selling price is not related to any other information.
Note, the phrase “initially listed” implies that there was more than one asking price. If it wasn’t for that
phrase, the information would be sufficient. The answer is (E).
CORRECT MR MANIAC
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