1953 AHSME Problems/Problem 16

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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

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