Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:
ps1000 - set 7 merchant question [#permalink]
30 Jan 2006, 04:19
0% (00:00) correct
0% (00:00) wrong based on 0 sessions
A merchant purchased a jacket for $60 and then determined a selling price that equalled the purchase price of the jacket plus a markup that was 25 percent of the selling price. During a sale, the merchant discounted the selling price by 20 percent and sold the jacket. What was the merchantâ€™s gross profit on this sale?
I think the ans is clearly (A), however, it is mentioned as (C) in the ans set.