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1953 AMC 12 Question 16

AMC12 · 1953 AMC 12

Question 16

Adams plans a profit of $10\%$ on the selling price of an article and his expenses are $15\%$ of sales. The rate of mark-up on an article that sells for $\$5.00$ is:
  1. $20\%$
  2. $25\%$
  3. $30\%$
  4. $33\dfrac13\%$
  5. $35\%$