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A furniture store-purchased sofas for a wholesale price of $400 each

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A furniture store-purchased sofas for a wholesale price of $400 each  [#permalink]

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New post 09 Dec 2019, 01:59
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Question Stats:

54% (02:00) correct 46% (02:06) wrong based on 24 sessions

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A furniture store-purchased sofas for a wholesale price of $400 each and sold most of them for a retail price of $560 each. In a summer sale, the retail price of the last few sofas was reduced by x dollars, and they were sold at this reduced price. The store's profit form selling the last sofa was more than 15 percent of its wholesale price. Which of the following could be the value of x?

I. 50
II. 75
III. 100

A. I only
B. II only
C. III only
D. I and II only
E. I, II, and III

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Re: A furniture store-purchased sofas for a wholesale price of $400 each  [#permalink]

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New post 09 Dec 2019, 07:14
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A furniture store-purchased sofas for a wholesale price of $400 each and sold most of them for a retail price of $560 each. In a summer sale, the retail price of the last few sofas was reduced by x dollars, and they were sold at this reduced price. The store's profit form selling the last sofa was more than 15 percent of its wholesale price. Which of the following could be the value of x?

CP=400 general SP=560

If the profit was 15 percent on the selling of last sofa SP = 460
but we are give more than 15 so SP >460
so Difference : x needs to be less than 100 as 560 is max price and minimum price >460

only options 1 and 2 suffice
D
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Re: A furniture store-purchased sofas for a wholesale price of $400 each   [#permalink] 09 Dec 2019, 07:14
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A furniture store-purchased sofas for a wholesale price of $400 each

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