Store S's gross profit from a certain product is 40 percent of the store's revenue from the product. The store's gross profit from the product is what percent of the store's cost for the product?

Correct answer marked below

25%

33 1/3%

40%

66 2/3%

Correct

150%

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What this question tests

Your ability to compute percentage change, percentage of a whole, and to work backwards from a final value.

Treating successive percentage changes as additive — a 10% rise then a 10% fall is not back to the start.

﻿Store S's gross profit from a certain product is 40 percent of the store's revenue from the product. The store's gross profit from the product is what percent of the store's cost for the product?