A furniture dealer purchased a desk for $150 and then set : Quant Question Archive [LOCKED] Check GMAT Club Decision Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack  It is currently 17 Jan 2017, 22:26 ### 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. ### Request Expert Reply # Events & Promotions ###### Events & Promotions in June Open Detailed Calendar # A furniture dealer purchased a desk for$150 and then set

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A furniture dealer purchased a desk for $150 and then set [#permalink] ### Show Tags 17 Nov 2006, 10:06 This topic is locked. If you want to discuss this question please re-post it in the respective forum. A furniture dealer purchased a desk for$150 and then set the selling price equal to the purchase price plus a markup that was 40 percent of the selling price. If the dealer sold the desk at the selling price, what was the amount of the dealer's gross profit from the purchase and the sale of the desk?

A. $40 B.$60
C. $80 D.$90
E. $100 OA will come after a few posts. Intern Joined: 25 Aug 2006 Posts: 25 Followers: 0 Kudos [?]: 1 [0], given: 0 ### Show Tags 17 Nov 2006, 11:24 E is the correct answer - how did you get to this answer? Intern Joined: 09 Nov 2006 Posts: 10 Followers: 0 Kudos [?]: 0 [0], given: 0 ### Show Tags 17 Nov 2006, 11:35 S= Sale price S= 150 + .4S .6S= 150 S= 250 Gross Profit = Sale Price - Purchase Price 250-150= 100 Hope that helped 17 Nov 2006, 11:35 Display posts from previous: Sort by # A furniture dealer purchased a desk for$150 and then set

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