Question

David Drake bought a soccer ball for $16 and sold it at a 150% profit. For how much did he sell the ball?

Answer 1

Please help ^_^. I am cofused

Answer 2

16*150%=profit
profit=$24
so he sold it at 16+24=$40

Answer 3

Thank you so much!

Answer 4

np

Answer 5

I read http://www.f1gmat.com/problem-solving/gmat-profit-and-loss
and found out how little I know about the definition of profit.

Answer 6

Thank you for this link!!!