Entry Exam Category: College Admission Exams
Course: Texas Success Initiative Assessment 2.0
Exam: TSIA2 Math Practice Test
Practice Question
Extract
Choose the best answer. If necessary, use the paper you were given.
The price P, in dollars, that a store sets for an item is given by the equation P = C + 1/10 * C where C dollars is the store's cost for the item. If the store sets a price of $55.00 for an item, what is the store's cost for the item?
Answer Choices
- A: $50.00
- B: $54.90
- C: $55.10
- D: $60.50
Correct Answer: A
Rationale: P = C + (1/10)C = (11/10)C. So (11/10)C = $55.00. C = $55.00 * (10/11) = $50.00.