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A company sells a product. The profit increased to 25

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A company sells a product. The profit increased to 25 [#permalink] New post 05 May 2006, 23:08
A company sells a product. The profit increased to 25 percent of the cost from 20 percent of cost after adjusting to new selling price. The new price is $80 and the cost is not changed. What is the old price?
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Re: Old price [#permalink] New post 17 May 2006, 18:10
getzgetzu wrote:
A company sells a product. The profit increased to 25 percent of the cost from 20 percent of cost after adjusting to new selling price. The new price is $80 and the cost is not changed. What is the old price?


p(n) = 80
cost (n) = 80/1.25 = 64
p(o) = 64(1.2) = 76.80
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 [#permalink] New post 17 May 2006, 20:48
cost=x
old selling price=1.2x
new selling price=1.25x
1.2x = (80x1.2)/1.25 = $76.80
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 [#permalink] New post 17 May 2006, 21:32
Cost of produt = $x

Prevous profit = $1.2x

New profit = $1.25x

New profit = New selling price - Cost

1.25x = 80 - x
0.25x = 80
x = 320

Old profit = Old selling price - Cost
1.2(320) = Old selling price - 320
Old selling price = $64
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Re: Old price [#permalink] New post 18 May 2006, 01:13
getzgetzu wrote:
A company sells a product. The profit increased to 25 percent of the cost from 20 percent of cost after adjusting to new selling price. The new price is $80 and the cost is not changed. What is the old price?


80 = 1.25 Cost
Old SP = Cost *1.2 = 80*1.2/1.25 = 80*24/25=384/5 = 76.8
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 [#permalink] New post 18 May 2006, 01:35
ywilfred wrote:
Cost of produt = $x

Prevous profit = $1.2x

New profit = $1.25x

New profit = New selling price - Cost

1.25x = 80 - x
0.25x = 80
x = 320

Old profit = Old selling price - Cost
1.2(320) = Old selling price - 320
Old selling price = $64


Not so fast :lol:

0.25x = 80 -x

x = 64

64 + 0.2 * 64 = 76.8
  [#permalink] 18 May 2006, 01:35
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