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A clothing store bought 100 shirts for $x. If the store sold all of th

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A clothing store bought 100 shirts for $x. If the store sold all of th  [#permalink]

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New post 19 Aug 2018, 09:39
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E

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Question Stats:

73% (01:24) correct 27% (01:23) wrong based on 28 sessions

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A clothing store bought 100 shirts for $x. If the store sold all of the shirts at the same price for a total of $50, what is the store’s profit per shirt, in dollars, in terms of x?


(A) \(50 - \frac{x}{100}\)

(B) \(50 - x\)

(C) \(5 - x\)

(D) \(0.5 - x\)

(E) \(0.5 - \frac{x}{100}\)

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Re: A clothing store bought 100 shirts for $x. If the store sold all of th  [#permalink]

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New post 19 Aug 2018, 11:45
Bunuel wrote:
A clothing store bought 100 shirts for $x. If the store sold all of the shirts at the same price for a total of $50, what is the store’s profit per shirt, in dollars, in terms of x?


(A) \(50 - \frac{x}{100}\)

(B) \(50 - x\)

(C) \(5 - x\)

(D) \(0.5 - x\)

(E) \(0.5 - \frac{x}{100}\)


# of shirts=100
Cost price of 100 shirts=$x
Sold out price of 100 shirts=$50

Profit of 100 shirts=SP-CP=$(50-x)
Profit of 1 shirt=$\(\frac{(50-x)}{100}\)=\(0.5 - \frac{x}{100}\)

Ans. (E)
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Re: A clothing store bought 100 shirts for $x. If the store sold all of th  [#permalink]

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New post 19 Aug 2018, 11:48
Bunuel wrote:
A clothing store bought 100 shirts for $x. If the store sold all of the shirts at the same price for a total of $50, what is the store’s profit per shirt, in dollars, in terms of x?


(A) \(50 - \frac{x}{100}\)

(B) \(50 - x\)

(C) \(5 - x\)

(D) \(0.5 - x\)

(E) \(0.5 - \frac{x}{100}\)


The question asks for store’s profit per shirt

We have Cost Price of 100 shirts = x, so Cost Price of 1 shirt = x/100

Now, Sell Price of 100 shirts = $50, so Sell Price of 1 shirt = 50/100

Profit (in dollars)= S.P. - C.P. = 50/100 - x/100 => 0.5 - x/100.

Answer is option E.[b][/b]
GMAT Club Bot
Re: A clothing store bought 100 shirts for $x. If the store sold all of th   [#permalink] 19 Aug 2018, 11:48
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