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A store selling price.....

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Author Message
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Manager
Manager
User avatar
Joined: 06 Feb 2010
Posts: 175
Concentration: Marketing, Leadership
Schools: University of Dhaka - Class of 2010
GMAT 1: Q0 V0
GPA: 3.63
WE: Business Development (Consumer Products)
Followers: 38

Kudos [?]: 565 [0], given: 182

A store s selling price of $2240 for a certain computer [#permalink] New post 28 Oct 2010, 21:28
00:00
A
B
C
D
E

Difficulty:

  35% (medium)

Question Stats:

70% (01:39) correct 30% (00:27) wrong based on 20 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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Manager
Manager
avatar
Joined: 03 Jun 2010
Posts: 184
Location: United States (MI)
Concentration: Marketing, General Management
WE: Business Development (Consumer Products)
Followers: 4

Kudos [?]: 22 [0], given: 40

GMAT ToolKit User
Re: A store selling price..... [#permalink] New post 29 Oct 2010, 01:38
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)
Manager
Manager
User avatar
Joined: 01 Nov 2010
Posts: 183
Location: Zürich, Switzerland
Followers: 2

Kudos [?]: 16 [0], given: 20

Re: A store selling price..... [#permalink] New post 09 Nov 2010, 07:16
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, 07:16
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