Sales price is $44, gross profit is 120% of cost, what is the value of gross profit?
Answers:
A) 24 B) 33 C) 39 D) 40 E) 42

Rationale: cost + profit = sales cost + ( 120 / 100 ) cost = 44 cost = 20 profit = 44 - 20 = 24 answer ( a )
Answer: A