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A merchant has selected two items to be placed on sale, one

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A merchant has selected two items to be placed on sale, one [#permalink] New post 28 Mar 2013, 09:43
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C
D
E

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  15% (low)

Question Stats:

80% (02:05) correct 20% (01:15) wrong based on 54 sessions
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.
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Re: A merchant has selected two items to be placed on sale, one [#permalink] New post 28 Mar 2013, 09:53
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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.
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Re: A merchant has selected two items to be placed on sale, one   [#permalink] 28 Mar 2013, 09:53
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