It is currently 22 Jun 2017, 11:47

### 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

# A furniture dealer purchased a desk for $150 and then set  post reply Question banks Downloads My Bookmarks Reviews Important topics Author Message Intern Joined: 14 Jul 2006 Posts: 1 A furniture dealer purchased a desk for$150 and then set [#permalink]

### Show Tags

11 Aug 2007, 16:50
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

A furniture dealer purchased a desk for $150 and then set the selling price equal to the purchase price plus a markup that was 40 percent of the selling price. If the dealer sold the desk at the selling price, what was the amount of the dealer's gross profit from the purchase and the sale of the desk? A)$40
B) $60 C)$80
D) $90 E)$100

Can you help me how to solve this problem
Director
Joined: 11 Jun 2007
Posts: 915

### Show Tags

11 Aug 2007, 19:51
tangocharlie wrote:
A furniture dealer purchased a desk for $150 and then set the selling price equal to the purchase price plus a markup that was 40 percent of the selling price. If the dealer sold the desk at the selling price, what was the amount of the dealer's gross profit from the purchase and the sale of the desk? A)$40
B) $60 C)$80
D) $90 E)$100

Can you help me how to solve this problem

We want to know the gross profit

p = purchase price
s = selling price

s = p + 0.4s
s = 150 + 0.4s
0.6s = 150
s = 250

gross profit = s - p
250 - 150 = 100
Re: Markup Problem   [#permalink] 11 Aug 2007, 19:51
Display posts from previous: Sort by