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

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A furniture dealer purchased a desk for $150 and then set th [#permalink] New post 13 Oct 2008, 19:02
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Question Stats:

66% (01:49) correct 34% (00:36) wrong based on 72 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
[Reveal] Spoiler: OA

Last edited by Bunuel on 12 Sep 2013, 01:54, edited 1 time in total.
Renamed the topic, edited the question and added the OA.
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Re: Simple but still having trouble :( [#permalink] New post 13 Oct 2008, 19:09
I am not sure but i tried in following way:

150+ 40 =190 is divistible by 60 ..no..
150+ 60 =210 is divistible by 60 ..no..
150+ 80 =230 is divistible by 60 ..no..
150+ 90 =240 is divistible by 60 ..YES..
150+ 100 =250 is divistible by 60 ..no..


why division by 60? (10-40 =60%)

what is OA?

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Re: Simple but still having trouble :( [#permalink] New post 13 Oct 2008, 19:50
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udribat wrote:
A furniture dealer purchased a desk for $150 and then set the selling price to the purchase price plus 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?

1) $40
2) $60
3) $80
4) $90
5) $100


(E)

Purchase price = 150
Selling price = x

150 + 0.4*x = x
0.6*x = 150
x = 250

Profit = 250 - 150 = 100
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Re: Simple but still having trouble :( [#permalink] New post 01 May 2011, 00:55
x-0.40=150
x=250
gross profit 250-150=100.
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Re: A furniture dealer purchased a desk for $150 and then set [#permalink] New post 11 Sep 2013, 06:57
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Re: A furniture dealer purchased a desk for $150 and then set th [#permalink] New post 12 Sep 2013, 01:58
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udribat wrote:
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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Re: A furniture dealer purchased a desk for $150 and then set th   [#permalink] 12 Sep 2013, 01:58
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