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A store selling price.....

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Manager
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Joined: 06 Feb 2010
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Schools: University of Dhaka - Class of 2010
GPA: 3.63
WE: Business Development (Consumer Products)
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A store s selling price of $2240 for a certain computer [#permalink] New post 28 Oct 2010, 22:28
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Question Stats:

80% (01:58) correct 20% (00:00) wrong based on 0 sessions
A store’s selling price of $2240 for a certain computer would yield a profit of 40 percent of the store’s cost for the computer. What selling price would yield a profit of 50 percent of the computer’s cost?
(A) $2400
(B) $2464
(C) $2650
(D) $2732
(E) $2800
[Reveal] Spoiler: OA

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Concentration: Marketing, General Management
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Kudos [?]: 18 [0], given: 40

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Re: A store selling price..... [#permalink] New post 29 Oct 2010, 02:38
If we talk about profit, it is an extra-price, so the total is 140%.
2240 -- 140%
x -- 150%

x=2240*150/140=2400
(A)
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Re: A store selling price..... [#permalink] New post 09 Nov 2010, 08:16
1.4x = 2240
x=2240/1.4
so, 1.5X = 2240*1.5/1.4= 2400

Answer:- A
Re: A store selling price.....   [#permalink] 09 Nov 2010, 08:16
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