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A furniture dealer purchased a desk for $150 and then set  Question banks Downloads My Bookmarks Reviews Important topics Author Message TAGS: Manager Joined: 24 Apr 2008 Posts: 56 Followers: 1 Kudos [?]: 31 [0], given: 0 A furniture dealer purchased a desk for$150 and then set [#permalink]  26 Apr 2008, 07:13
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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
Followers: 0

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

Re: PS - furniture dealer [#permalink]  26 Apr 2008, 07:30

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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