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A furniture dealer purchased a desk for $150 and then set

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Manager
Manager
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Joined: 24 Apr 2008
Posts: 56
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A furniture dealer purchased a desk for $150 and then set [#permalink] New post 26 Apr 2008, 07:13
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E

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0% (00:00) correct 100% (00:00) wrong based on 3 sessions
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% 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
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Joined: 28 Mar 2008
Posts: 35
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Re: PS - furniture dealer [#permalink] New post 26 Apr 2008, 07:30
Is E the answer

SP = 150+40/100*SP

SP = 150*100/60
SP = 250
profit =100
Re: PS - furniture dealer   [#permalink] 26 Apr 2008, 07:30
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A furniture dealer purchased a desk for $150 and then set

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