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

 It is currently 21 Oct 2016, 08:18

### 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

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

Author Message
TAGS:

### Hide Tags

Senior Manager
Joined: 16 Feb 2011
Posts: 262
Followers: 4

Kudos [?]: 141 [0], given: 9

The selling price of an article is equal to the cost of the [#permalink]

### Show Tags

01 Sep 2011, 10:20
1
This post was
BOOKMARKED
00:00

Difficulty:

25% (medium)

Question Stats:

71% (01:40) correct 29% (00:45) wrong based on 95 sessions

### HideShow timer Statistics

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. Official Guide 12 Question  Question: 37 Page: 276 Difficulty: 600 Find All Official Guide Questions Video Explanations: 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 Intern Joined: 16 Apr 2010 Posts: 30 Location: United States (AL) Concentration: Technology, Entrepreneurship GMAT 1: 680 Q44 V37 GPA: 3.91 WE: Information Technology (Energy and Utilities) Followers: 0 Kudos [?]: 19 [1] , given: 3 Re: The selling price of an article is equal to the cost of the [#permalink] ### Show Tags 01 Sep 2011, 10:34 1 This post received KUDOS 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 Manager Joined: 06 Jun 2011 Posts: 157 Followers: 1 Kudos [?]: 56 [0], given: 15 Re: The selling price of an article is equal to the cost of the [#permalink] ### Show Tags 02 Sep 2011, 03:10 A is sufficient. You do not need the actual to find the % GMAT Club Legend Joined: 09 Sep 2013 Posts: 12151 Followers: 538 Kudos [?]: 151 [0], given: 0 Re: The selling price of an article is equal to the cost of the [#permalink] ### Show Tags 21 Dec 2014, 07:16 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). Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email. _________________ Math Expert Joined: 02 Sep 2009 Posts: 35240 Followers: 6619 Kudos [?]: 85309 [0], given: 10236 Re: The selling price of an article is equal to the cost of the [#permalink] ### Show Tags 21 Dec 2014, 08:47 Expert's post 1 This post was BOOKMARKED 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.

OPEN DISCUSSION OF THIS QUESTION IS HERE: the-selling-price-of-an-article-is-equal-to-the-cost-of-the-138738.html
_________________
Re: The selling price of an article is equal to the cost of the   [#permalink] 21 Dec 2014, 08:47
Similar topics Replies Last post
Similar
Topics:
1 In a certain store, the price of five pens is equal to the price of a 4 16 Sep 2015, 04:38
13 If the total price of n equally priced shares of a certain s 12 21 Jan 2014, 04:15
6 If the total price of n equally priced shares of a certain 4 22 Jan 2013, 05:36
10 The selling price of an article is equal to the cost of the 10 11 Sep 2012, 04:53
2 The selling price of an article is equal to the cost of the 4 30 Oct 2007, 11:10
Display posts from previous: Sort by