A merchant has selected two items to be placed on sale, one : GMAT Problem Solving (PS)
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# A merchant has selected two items to be placed on sale, one

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Intern
Joined: 25 Mar 2013
Posts: 1
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A merchant has selected two items to be placed on sale, one [#permalink]

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28 Mar 2013, 09:43
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5% (low)

Question Stats:

84% (02:03) correct 16% (01:16) wrong based on 79 sessions

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A merchant has selected two items to be placed on sale, one of which currently sells for 30 percent less than the other. If he wishes to raise the price of the cheaper item so that the two items are equally priced, by what percentage must he raise the price of the less expensive item?

A. 22 %
B. 30%
C. 42 6/7%
D. 70%
E. 130%
[Reveal] Spoiler: OA

Last edited by Bunuel on 28 Mar 2013, 09:47, edited 1 time in total.
Edited the question and added the OA.
Math Expert
Joined: 02 Sep 2009
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Re: A merchant has selected two items to be placed on sale, one [#permalink]

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28 Mar 2013, 09:53
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Expert's post
witheo wrote:
A merchant has selected two items to be placed on sale, one of which currently sells for 30 percent less than the other. If he wishes to raise the price of the cheaper item so that the two items are equally priced, by what percentage must he raise the price of the less expensive item?

A. 22 %
B. 30%
C. 42 6/7%
D. 70%
E. 130%

Expensive item = $100; Cheap item =$70;

We must increase $70 to$100, so by $30, which is approximately 40% increase: (100-70)/70 = 3/7 = ~0.42. Answer: C. P.S. Please provide OA when posting a question. _________________ Re: A merchant has selected two items to be placed on sale, one [#permalink] 28 Mar 2013, 09:53 Similar topics Replies Last post Similar Topics: There are 15 stamps from which two stamps will be selected. Tom has t 2 02 May 2016, 22:30 27 A couple has two children, one of whom is a girl. 28 05 Sep 2014, 02:58 WHEN A PERSON SELLS TWO ITEMS$1656 each, ONE AT A GAIN OF 20% AND OT 16 20 Oct 2010, 03:29
3 What is the probability that one of the two integers randomly selected 6 09 May 2010, 12:09
28 A merchant sells an item at a 20% discount, but still makes 17 13 Sep 2007, 22:57
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