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# A retailer sold an appliance for \$80. If the retailer's

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Intern
Joined: 18 Nov 2007
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A retailer sold an appliance for \$80. If the retailer's [#permalink]  04 Dec 2007, 22:28
A retailer sold an appliance for \$80. If the retailer's gross profit on the appliance was 25 percent of the retailer's cost for the appliance, how many dollars was the retailer's gross profit?

A. 10
B. 16
C. 20
D. 24
E. 25
Director
Joined: 09 Aug 2006
Posts: 770
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goodglory wrote:
A retailer sold an appliance for \$80. If the retailer's gross profit on the appliance was 25 percent of the retailer's cost for the appliance, how many dollars was the retailer's gross profit?

A. 10
B. 16
C. 20
D. 24
E. 25

B.

GP = Selling price - cost = 80-x
80-x = 1/4x
x = 64
GP = 80-64 = 16
Senior Manager
Joined: 09 Oct 2007
Posts: 469
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goodglory wrote:
A retailer sold an appliance for \$80. If the retailer's gross profit on the appliance was 25 percent of the retailer's cost for the appliance, how many dollars was the retailer's gross profit?

1/5=.2, thus:
80*.2=16.0=B
CEO
Joined: 29 Mar 2007
Posts: 2596
Followers: 16

Kudos [?]: 166 [0], given: 0

goodglory wrote:
A retailer sold an appliance for \$80. If the retailer's gross profit on the appliance was 25 percent of the retailer's cost for the appliance, how many dollars was the retailer's gross profit?

A. 10
B. 16
C. 20
D. 24
E. 25

Profit= Revenue - Cost. .25C= 80 -C 1.25C=80 so 5/4C=80

4/5*80=C --> 64 So 80-64= Profit.

B
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