GRE Question of the Day (November 7)

Math

A shopkeeper purchases birdfeeders for $10 each and sells them for $18 each. If the cost of the feeders increases by 50% for two months in a row, what is the smallest percent increase the shopkeeper can apply to the selling price in order to avoid selling at a loss?

Enter your value as %

Question Discussion & Explanation

Correct Answer - 25% - (click and drag your mouse to see the answer)