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- A kind of tape is selling at a profit of 12% of selling price, equal to 18 cents per yard.
Question 1:
A kind of tape is selling at a profit of 12% of selling price, equal to 18 cents per yard.What is the selling price of the tape?
A. $ 1.50
Feedback Profit / % profit = selling price
$.18 / .12 = $1.50 selling price
$.18 / .12 = $1.50 selling price
B. $ 1.00
C. $ 1.20
D. none of these
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