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19 Aug 2018, 09:39
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35% (medium)

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 $x. If the store sold all of th [#permalink] ### Show Tags 19 Aug 2018, 11:45 Bunuel wrote: A clothing store bought 100 shirts for$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) _________________ Regards, PKN Rise above the storm, you will find the sunshine Manager Joined: 16 Jan 2018 Posts: 91 Location: New Zealand Re: A clothing store bought 100 shirts for$x. If the store sold all of th  [#permalink]

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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 = $50, so Sell Price of 1 shirt = 50/100 Profit (in dollars)= S.P. - C.P. = 50/100 - x/100 => 0.5 - x/100. Answer is option E.[b][/b] Re: A clothing store bought 100 shirts for$x. If the store sold all of th   [#permalink] 19 Aug 2018, 11:48
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