Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 25 Apr 2015, 19:15

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

If 8 articles were sold at the cost price of 10 articles,

Author Message
TAGS:
Manager
Joined: 28 Jun 2004
Posts: 90
Followers: 1

Kudos [?]: 4 [0], given: 0

If 8 articles were sold at the cost price of 10 articles, [#permalink]  23 Aug 2004, 15:17
If 8 articles were sold at the cost price of 10 articles, find gain or loss percent.
Joined: 31 Dec 1969
Location: India
Concentration: General Management, Strategy
GMAT 1: 710 Q49 V0
GMAT 2: 740 Q40 V50
GMAT 3: 700 Q48 V38
GPA: 3.6
Followers: 0

Kudos [?]: 88 [0], given: 86987

let CP of one article be = 10
CP of 10 articles = 100

SP of 8 articles = 100
SP of one article = 100/8 = 12.5

So the gain = (2.5/10)*100 = 25%.
Director
Joined: 16 Jun 2004
Posts: 893
Followers: 2

Kudos [?]: 19 [0], given: 0

the guest was me....sorry i forget to login always..

there is a shortcut to approach these type of problems too..
If the CP of x articles is equal to the selling price of y articles, then if y is less than x, the retailer makes a profit and the profit % is [(x-y)/y]*100.

And, if y is greater than x, then the retailer makes a loss and the loss % is [(y-x)/y]*100
Director
Joined: 20 Jul 2004
Posts: 593
Followers: 1

Kudos [?]: 47 [0], given: 0

Anonymous wrote:
let CP of one article be = 10
CP of 10 articles = 100

SP of 8 articles = 100
SP of one article = 100/8 = 12.5

So the gain = (2.5/10)*100 = 25%.

Same method. Am surprised we chose the same number as article price.
Similar topics Replies Last post
Similar
Topics:
5 The selling price of an article is equal to the cost of the 8 11 Sep 2012, 03:53
2 The selling price of an article is equal to the cost of the 4 01 Sep 2011, 09:20
If the cost price of 20 articles...... 3 19 Oct 2010, 04:33
The selling price of an article is equal to the cost of the 4 30 Oct 2007, 10:10
What is the cost of an article? 1. article is sold for 24 \$ 3 07 Mar 2006, 15:56
Display posts from previous: Sort by