Merchant Makes A Profit of 20% on Selling Price : GMAT Problem Solving (PS)
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# Merchant Makes A Profit of 20% on Selling Price

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Manager
Joined: 11 Jun 2010
Posts: 65
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Kudos [?]: 1 [0], given: 14

Merchant Makes A Profit of 20% on Selling Price [#permalink]

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10 Jul 2010, 20:28
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Difficulty:

45% (medium)

Question Stats:

53% (01:43) correct 47% (01:07) wrong based on 34 sessions

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If a merchant makes a profit of 20% based on the selling price of an article, what percent does the merchant makes on the cost?

A-20
B-40
C-25
D-None of These
[Reveal] Spoiler: OA
Manager
Joined: 06 Oct 2009
Posts: 69
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Kudos [?]: 34 [1] , given: 5

Re: Merchant Makes A Profit of 20% on Selling Price [#permalink]

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10 Jul 2010, 22:30
1
KUDOS
Let x is the cost and y is the selling price

So if y=100, x=80
so (20/80)*100=25%

Ans C
_________________

+1 kudos me if this is of any help...

Manager
Joined: 11 Jun 2010
Posts: 65
Followers: 1

Kudos [?]: 1 [0], given: 14

Re: Merchant Makes A Profit of 20% on Selling Price [#permalink]

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11 Jul 2010, 01:43
Manager
Joined: 12 Jun 2007
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Re: Merchant Makes A Profit of 20% on Selling Price [#permalink]

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16 Jul 2010, 00:48
Let say Selling price will be Rs100,

20% profit means Cost price will be Rs80 and Rs20 is profit

now we have to find what percent of 80 will be 20 : X% * 80 = 20

X will be 25%
Re: Merchant Makes A Profit of 20% on Selling Price   [#permalink] 16 Jul 2010, 00:48
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