A wireless speaker is sold for $90, and it costs $60 to produce. What is the profit margin percentage based on the selling price?

Question

BlackTom AI · Accepted Answer

The question asks for the profit margin percentage based on the selling price.
First, identify the key numbers: selling price = 90 and cost to produce = 60.
Next, compute profit: profit = selling price − cost = 90 − 60 = 30.
Now, express this profit as a percentage of the selling price: (profit / selling price) × 100 = (30 / 90) × 100.
Calculate the fraction: 30 ÷ 90 = 0.333..., which converts to 33.333...%. When rounded to one decimal place, this becomes 33.3%.
Consider common pitfalls: if you were asked for margin based on cost, you would compute (profit / cost) × 100 = (30 / 60) × 100 = 50%, which is a different metric. If you used (selling − cost) / selling price without converting to a percentage, you’d still get 0.333..., but you’d need to express it as a percentage. The given question explicitly specifies basis on the selling price, so the correct interpretation is (profit ÷ selling price) × 100.
Since no multiple-choice options were provided in the prompt, it’s still useful to verify the math step by step to ensure accuracy and to avoid misapplying the basis for the margin.

A wireless speaker is sold for $90, and it costs $60 to produce. What is the profit margin percentage based on the selling price?单项选择题

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