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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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:

55% (01:44) correct 45% (01:07) wrong based on 40 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
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+1 kudos me if this is of any help...

Manager
Joined: 11 Jun 2010
Posts: 65
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Kudos [?]: 2 [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%
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Re: Merchant Makes A Profit of 20% on Selling Price [#permalink]

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21 Jan 2017, 00:07
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: Merchant Makes A Profit of 20% on Selling Price   [#permalink] 21 Jan 2017, 00:07
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