A retailer buys an item for $90, resells it for $100, and claims that she is making only a 10% profit. Is this claim correct?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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A retailer buys an item for $90, resells it for $100, and claims that she is making only a 10% profit. Is this claim correct?

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