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 Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

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:

What was the price at which a merchant sold a certain [#permalink]

Show Tags

10 Oct 2005, 11:25

1

This post was BOOKMARKED

00:00

A

B

C

D

E

Difficulty:

5% (low)

Question Stats:

75% (01:48) correct
25% (00:43) wrong based on 188 sessions

HideShow timer Statistics

What was the price at which a merchant sold a certain appliance?

(1) The merchant's gross profit on the appliance was 20 percent of the price at which the merchant sold the appliance. (2) The price at which the merchant sold the appliance was $50 more than the merchant's cost of the appliance.

20% profit by itself doesn't give us the cost.
$50 profit also doesn't give us the cost.
Together we can tell that 20% is 50. And that will help us find the full price.

C.. SI tells us relation between profit and selling price.. SII gives us difference in cost and selling price ..we can take that as profit so profit=$50 =.2 x s.p. _________________

Re: a GWD math (4) , which hasn't been discussed [#permalink]

Show Tags

20 Aug 2011, 10:34

Jasontuyj2012 wrote:

What was the price at which a merchant sold a certain appliance?

(1) The merchant's gross profit on the appliance was 20% of the price at which the merchant sold the appliance. (2) The price at which the merchant sold the appliance was $50 more than the merchant's cost of the appliance.

I chose E.

Clearly, both alone are not sufficient. The first gives a percentage, the second an absolute number, but we need both

Re: What was the price at which a merchant sold a certain [#permalink]

Show Tags

14 Jul 2012, 04:00

Expert's post

dianamao wrote:

Is "gross profit" equal to the difference between sale price and cost of good?

Yes, {Gross Profit} = {Selling Price} - {Cost}

What was the price at which a merchant sold a certain appliance?

Question: {Selling Price}=?

(1) The merchant's gross profit on the appliance was 20 percent of the price at which the merchant sold the appliance --> {Selling Price} - {Cost} = 0.2*{Selling Price} --> 0.8*{Selling Price} = {Cost}. One equation two unknowns. Not sufficient.

(2) The price at which the merchant sold the appliance was $50 more than the merchant's cost of the appliance --> {Cost} +$50 = {Selling Price}. One equation two unknowns. Not sufficient.

(1)+(2) We have that 0.8*{Selling Price} = {Cost} and {Cost} +$50 = {Selling Price}. So, we have two distinct linear equations with two unknowns, hence we can solve for each. Sufficient.

Re: What was the price at which a merchant sold a certain [#permalink]

Show Tags

07 Aug 2013, 05:32

but what about quantity? profit=Q*Price-Costs, where Q stands for quantity of products sold None of you mention Q in his calculations. Could you please shed some light on this

Re: What was the price at which a merchant sold a certain [#permalink]

Show Tags

07 Aug 2013, 05:35

Expert's post

Galiya wrote:

but what about quantity? profit=Q*Price-Costs, where Q stands for quantity of products sold None of you mention Q in his calculations. Could you please shed some light on this

I personally think this is not an issue;however, to clear the doubt, it reads "appliance". So it is singular. _________________

http://blog.ryandumlao.com/wp-content/uploads/2016/05/IMG_20130807_232118.jpg The GMAT is the biggest point of worry for most aspiring applicants, and with good reason. It’s another standardized test when most of us...

I recently returned from attending the London Business School Admits Weekend held last week. Let me just say upfront - for those who are planning to apply for the...