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easy · GMAT Quantitative Reasoning

An office supply store buys pens at a wholesale price of $0.60 per pen and sells them in packs of 12 for $9.00 per pack.

The profit on each pack of pens represents what fraction of the wholesale cost of the pack?

  1. 1/5
  2. 3/10
  3. 1/3
  4. 1/4
  5. 1/2

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