A stationery retailer generally prices portable computers using a 30 percent markup.The retailer expects to sell 100 portable computers at the 30 percent markup.How many units would it have to sell at a 10 percent increase in price from the original price to maintain the same gross profit?
A) 75
B) 80
C) 82
D) 125

Question

Quizplus · Accepted Answer

To maintain the same gross profit, the retailer needs to sell fewer units at a higher price. With a 10% increase in price, the retailer would need to sell 75 units to achieve the same gross profit as selling 100 units at a 30% markup.

A Stationery Retailer Generally Prices Portable Computers Using a 30