A retailer sold an appliance for 40 percent above cost, which represented a gross profit of $20.00. For what price did the retailer sell the appliance?
Correct answer: D
Explanation
Let the cost be A. Then the selling price is A+0.4*A.
So the profit is 0.4 * A.
0.4*A=20 ---> A=50.
So the selling price is 50+20=70.
The answer is (D).
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Source: Algebra word problems from the AQuA-RAT dataset (Ling et al., 2017), published by Google DeepMind under the Apache License 2.0.
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AQuA-RAT items are crowdsourced algebra problems, not ACT questions. They carry five answer choices in the pre-2025 ACT Mathematics style and no ACT reporting category. Useful for drilling Preparing for Higher Math content; not a substitute for a real form.