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A CD was initially listed at a price that would have given the store a

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Math Expert
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Joined: 02 Sep 2009
Posts: 57279
A CD was initially listed at a price that would have given the store a  [#permalink]

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New post 11 Aug 2019, 05:30
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A
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D
E

Difficulty:

  45% (medium)

Question Stats:

50% (01:19) correct 50% (01:46) wrong based on 15 sessions

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Joined: 18 Aug 2017
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Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
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Re: A CD was initially listed at a price that would have given the store a  [#permalink]

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New post 11 Aug 2019, 10:21
Bunuel wrote:
A CD was initially listed at a price that would have given the store a profit of 20% of the wholesale cost. What was the wholesale cost of the CD?

(1) After reducing the asking price by 10%, the CD sold for a net profit of $10.00
(2) The CD sold for $50.00


Profit = SP-CP
wholesale cost is cp
given
.2*wholesale cost = profit
.2cp=sp-cp
sp=1.2cp

#1
.9sp-cp=10
solve for cp=125
sp=150
sufficient

#2
listed price is not know
insufficient
IMO A
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Re: A CD was initially listed at a price that would have given the store a   [#permalink] 11 Aug 2019, 10:21
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A CD was initially listed at a price that would have given the store a

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