Find all School-related info fast with the new School-Specific MBA Forum

It is currently 10 Jul 2014, 16:10

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

A clothing store acquired an item at a cost of x dollars and

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
avatar
Joined: 10 Oct 2005
Posts: 115
Location: Hollywood
Followers: 0

Kudos [?]: 2 [0], given: 0

A clothing store acquired an item at a cost of x dollars and [#permalink] New post 02 Aug 2006, 03:57
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
A clothing store acquired an item at a cost of x dollars and sold the item for y dollars. The store's gross profit from the item was what percent of its cost for the item?

(1) y-x = 20

(2) y/x = 5/4
_________________

The GMAT, too tough to be denied.
Beat the tough questions...

SVP
SVP
avatar
Joined: 30 Mar 2006
Posts: 1741
Followers: 1

Kudos [?]: 22 [0], given: 0

GMAT Tests User
 [#permalink] New post 02 Aug 2006, 04:13
B

Profit = y-x

1) y-x = 20
Percent = P/x *100 = 20/x *100
Not suff

2)y/x = 5/4

Hence P = 5x/4 - x = x/4

Percent = x/4/x * 100 = 100/4 = 25
Suff
Director
Director
User avatar
Joined: 05 Feb 2006
Posts: 904
Followers: 1

Kudos [?]: 23 [0], given: 0

GMAT Tests User
 [#permalink] New post 02 Aug 2006, 05:14
The author gives us the following info:

cost=x
revenue=y
gross profit=y-x

statement 1) y-x=20 or a gross profit of 20.... but we cannot determine how many dollars was the cost of an item so cannot determine the percentage....

statement 2) gives us the value of y (the revenue) and x (the cost) so we can determine the gross profit and the percentage of gross profit of the cost of the item..... answer 1/4=25%

Answer B
  [#permalink] 02 Aug 2006, 05:14
    Similar topics Author Replies Last post
Similar
Topics:
3 Experts publish their posts in the topic A clothing store acquired an item at a cost of x dollars and Bunuel 6 01 Oct 2012, 04:14
In a stationery store, A costs X dollars, B costs Y dollars, vcbabu 7 24 May 2009, 08:05
A clothing store acquired an item at a cost of x dollars and chan4312 8 06 Aug 2008, 11:12
At a certain store each notepad costs x dollars and each rags 2 03 Nov 2007, 23:03
At a certain store, each notepad costs x dollars and each anandsebastin 2 28 Oct 2006, 14:36
Display posts from previous: Sort by

A clothing store acquired an item at a cost of x dollars and

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.