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# A store purchased 20 coats that each cost an equal amount

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Senior Manager
Joined: 12 Mar 2007
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A store purchased 20 coats that each cost an equal amount [#permalink]

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11 Oct 2007, 09:36
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A store purchased 20 coats that each cost an equal amount and then sold each of the 20 coats at an equal price. What wa the store's gross profit on the 20 coats?

1)If the selling price per coat had been twice as much, the store's gorss profit on the 20 coats would have been $2,400. 2)If the selling price per coat had benn$2 more, the store's gross profit on the 20 coats would have been $440. Please explain. Manager Joined: 22 May 2007 Posts: 115 Followers: 1 Kudos [?]: 2 [0], given: 0 [#permalink] ### Show Tags 11 Oct 2007, 10:07 gross profit = 20(sell-buy) A) 20(2xsell-buy)=2400 Insuff B) 20(sell+2 -buy)=440 20(sell - buy)=400 suff Director Joined: 08 Jun 2007 Posts: 583 Followers: 2 Kudos [?]: 87 [0], given: 0 Re: DS - Coats [#permalink] ### Show Tags 11 Oct 2007, 10:11 leeye84 wrote: A store purchased 20 coats that each cost an equal amount and then sold each of the 20 coats at an equal price. What wa the store's gross profit on the 20 coats? 1)If the selling price per coat had been twice as much, the store's gorss profit on the 20 coats would have been$2,400.
2)If the selling price per coat had benn $2 more, the store's gross profit on the 20 coats would have been$440.

I get B :

Stmtn1;

20(2SP - CP ) = 2400
INSUFF to get SP - CP

Stmtn 2
20( SP +2 - CP ) = 440 .
SP-CP = 20
SUFF..gross profit = 400
Re: DS - Coats   [#permalink] 11 Oct 2007, 10:11
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