If the cost of a part is $108 and the profit is 12 percent of cost, what is the profit amount?

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Multiple Choice

If the cost of a part is $108 and the profit is 12 percent of cost, what is the profit amount?

Explanation:
Profit is found by applying the percentage to the cost. With a cost of 108 and a profit rate of 12%, the profit is 0.12 × 108 = 12.96. You can also break it down as 108 × 0.1 = 10.8 plus 108 × 0.02 = 2.16, totaling 12.96. So the profit amount is $12.96.

Profit is found by applying the percentage to the cost. With a cost of 108 and a profit rate of 12%, the profit is 0.12 × 108 = 12.96. You can also break it down as 108 × 0.1 = 10.8 plus 108 × 0.02 = 2.16, totaling 12.96. So the profit amount is $12.96.

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