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The selling price of an article is equal to the cost of the

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The selling price of an article is equal to the cost of the [#permalink] New post 01 Sep 2011, 09:20
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Question Stats:

75% (01:42) correct 25% (00:44) wrong based on 66 sessions
The selling price of an article is equal to the cost of the article plus the markup. The markup on a certain television set is what percent of the selling price?

(1) The markup on the television set is 25 percent of the cost.
(2) The selling price of the television set is $250.

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OPEN DISCUSSION OF THIS QUESTION IS HERE: the-selling-price-of-an-article-is-equal-to-the-cost-of-the-138738.html
[Reveal] Spoiler: OA
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Re: The selling price of an article is equal to the cost of the [#permalink] New post 01 Sep 2011, 09:34
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Answer is A!
Plug in numbers to quickly find out: if C=100, then M=25 and this S = 125. So M is 20% of S. A is sufficient
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Re: The selling price of an article is equal to the cost of the [#permalink] New post 02 Sep 2011, 02:10
A is sufficient. You do not need the actual to find the %
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Re: The selling price of an article is equal to the cost of the [#permalink] New post 21 Dec 2014, 06:16
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Re: The selling price of an article is equal to the cost of the [#permalink] New post 21 Dec 2014, 07:47
Expert's post
The selling price of an article is equal to the cost of the article plus the markup. The markup on a certain television set is what percent of the selling price?

Given: Price=Cost+Markup.
Question: \(\frac{Markup}{Price}=?\)

(1) The markup on the television set is 25 percent of the cost. \(Markup=0.25*Cost\) --> \(Price=Cost+Markup=Cost+0.25*Cost=1.25*Cost\) --> \(\frac{Markup}{Price}=\frac{0.25*Cost}{1.25*Cost}=0.2\). Sufficient.

(2) The selling price of the television set is $250. Not sufficient to get the ratio required.

Answer: A.

OPEN DISCUSSION OF THIS QUESTION IS HERE: the-selling-price-of-an-article-is-equal-to-the-cost-of-the-138738.html
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Re: The selling price of an article is equal to the cost of the   [#permalink] 21 Dec 2014, 07:47
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