Multiple choice

Ms. Jones makes a profit when she sells her desk for $100. If the desk costs her a whole number of dollars, her profit could be what percent of the cost to her?

  1. 66 2/3%

  2. 50%

  3. 40%

  4. 12 ½%

  5. 10%

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Profit = SP - CP. Profit percentage = (Profit / CP) * 100 = ((100 - CP) / CP) * 100. If CP = 60, profit = 40/60 = 66.67%. Since 60 is a whole number, this is a valid possibility.

AI explanation

To evaluate the options, test a whole number cost price (C) for the \$100 selling price (S) using the formula Profit Percentage equals (S - C) / C * 100. For a cost price of \$60, the profit is \$40, and the profit percentage is 40 / 60 * 100, which equals 66 2/3%. The other options would require fractional cost prices (such as \$66.67, $50, or $88.89), confirming that a cost of $60 yields the target percentage.