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?	Choose the correct answer: A) $27.30 B) $51.00 C) $63.00 D) $70.00 E) $91.00
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 ---&gt; A=50.   So the selling price is 50+20= 
<gadget id="calculator">50+20</gadget>
<output>70</output>
70.   The answer is ($70.00).
<result>D</result>
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?