SOLUTION: A manufacturer sells sets of golf clubs to a retail sports store for 25 percent more than they cost to produce. The retail store sells a set of those clubs to a customer for a 30
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Question 1042827: A manufacturer sells sets of golf clubs to a retail sports store for 25 percent more than they cost to produce. The retail store sells a set of those clubs to a customer for a 30 percent profit. The price the customer paid for the clubs was what percent greater than the cost of production?
A) 50%
B) 55%
C) 60%
D) 62.5% Answer by jim_thompson5910(35256) (Show Source):
You can put this solution on YOUR website! The 25% increase is represented by the multiplier 1.25
The 30% increase is represented by the multiplier 1.30
Multiply the two multipliers to get: 1.25*1.30 = 1.625
So overall, this is a 62.5% increase which means the answer is choice D.
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