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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, 10:43
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5% (low)

Question Stats:

83% (02:02) correct 17% (01:16) wrong based on 76 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, 10:47, edited 1 time in total.
Edited the question and added the OA.
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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, 10:53
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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.

P.S. Please provide OA when posting a question.
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Re: A merchant has selected two items to be placed on sale, one   [#permalink] 28 Mar 2013, 10:53
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A merchant has selected two items to be placed on sale, one

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