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

 It is currently 28 Apr 2015, 02:52

### 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

# When a product is sold, the profit is 25% of the selling

Author Message
TAGS:
Director
Joined: 14 Sep 2005
Posts: 994
Location: South Korea
Followers: 2

Kudos [?]: 42 [0], given: 0

When a product is sold, the profit is 25% of the selling [#permalink]  26 Nov 2005, 06:41
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
28. When a product is sold, the profit is 25% of the selling price. By what percentage should the price of the product increased so that the profit will be (33+(1/3))% of the new selling price?
_________________

Auge um Auge, Zahn um Zahn !

Last edited by gamjatang on 30 Nov 2005, 23:28, edited 1 time in total.
Director
Joined: 24 Oct 2005
Posts: 660
Location: London
Followers: 1

Kudos [?]: 7 [0], given: 0

C= cost price
S = selling price
Profit = SP - CP

1st case

S - C = 25S/100
C = 3S/4

2nd case, Selling price = S+ X where X is the increase.

newS - C = 100/3 % of newS
(S+X) - C = (S+X)/3
C = 2(X+S)/3

In both case, C is the same.
3S/4 = 2(X+S)/3

X = S/8

% increase = X*100/S = 12.5%
Manager
Joined: 11 Jul 2005
Posts: 86
Location: New York
Followers: 1

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

Re: PS - (AG) Increaed price [#permalink]  26 Nov 2005, 08:29
gamjatang wrote:
28. When a product is sold, the profit is 25% of the selling price. By what percentage should the price of the product increased so that the profit will be (33+(1/3))% of the new selling price?

I guess an easier way is to assume the SP as 100. So htat makes the cp=75

100+x-75=1/3(100+x)

x=12.5%
Re: PS - (AG) Increaed price   [#permalink] 26 Nov 2005, 08:29
Similar topics Replies Last post
Similar
Topics:
A used car dealer sold one car at a profit of 25 percent of 3 04 Dec 2007, 23:09
A used-car dealer sold one car at a profit of 25% of the 5 12 May 2007, 14:12
A used-car sold one car at a profit of 25 percent of the 1 08 Sep 2006, 09:54
A company sells a product. The profit increased to 25 5 05 May 2006, 22:08
A store sells a watch for a profit of 25% of the cost. What 2 20 Oct 2005, 21:44
Display posts from previous: Sort by