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# A furniture dealer purchased a desk for \$150 and then set

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Manager
Joined: 24 Apr 2008
Posts: 55

Kudos [?]: 122 [0], given: 0

A furniture dealer purchased a desk for \$150 and then set [#permalink]

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26 Apr 2008, 08:13
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 100% (00:00) wrong based on 3 sessions

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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% 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

Kudos [?]: 122 [0], given: 0

Intern
Joined: 28 Mar 2008
Posts: 34

Kudos [?]: 5 [0], given: 0

Re: PS - furniture dealer [#permalink]

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26 Apr 2008, 08:30

SP = 150+40/100*SP

SP = 150*100/60
SP = 250
profit =100

Kudos [?]: 5 [0], given: 0

Re: PS - furniture dealer   [#permalink] 26 Apr 2008, 08:30
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