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David Drake bought a soccer ball for $16 and sold it at a 150% profit. For how much did he sell the ball?
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Please help ^_^. I am cofused
16*150%=profit profit=$24 so he sold it at 16+24=$40
Thank you so much!
np
I read http://www.f1gmat.com/problem-solving/gmat-profit-and-loss and found out how little I know about the definition of profit.
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