GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 22 Jan 2019, 23:58

Close

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
Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in January
PrevNext
SuMoTuWeThFrSa
303112345
6789101112
13141516171819
20212223242526
272829303112
Open Detailed Calendar
  • The winners of the GMAT game show

     January 22, 2019

     January 22, 2019

     10:00 PM PST

     11:00 PM PST

    In case you didn’t notice, we recently held the 1st ever GMAT game show and it was awesome! See who won a full GMAT course, and register to the next one.
  • Key Strategies to Master GMAT SC

     January 26, 2019

     January 26, 2019

     07:00 AM PST

     09:00 AM PST

    Attend this webinar to learn how to leverage Meaning and Logic to solve the most challenging Sentence Correction Questions.

A garden supplies retailer makes a 20% commission

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

 
Current Student
User avatar
P
Status: It always seems impossible until it's done!!
Joined: 29 Aug 2012
Posts: 1118
Location: India
WE: General Management (Aerospace and Defense)
GMAT ToolKit User Premium Member Reviews Badge
A garden supplies retailer makes a 20% commission  [#permalink]

Show Tags

New post 10 Jul 2014, 04:16
1
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

88% (00:59) correct 12% (01:11) wrong based on 69 sessions

HideShow timer Statistics

A garden supplies retailer makes a 20% commission on the selling price for each bag of mulch it sells. If it sells 400 identically priced bags of mulch and makes $3,200 in commission, what was the selling price of each bag?

A. $40.00
B. $44.00
C. $96.00
D. $160.00
E. $640.00

_________________

Become a GMAT Club Premium member to avail lot of discounts

Intern
Intern
User avatar
S
Joined: 24 Apr 2013
Posts: 16
Location: Russian Federation
GMAT ToolKit User
A garden supplies retailer makes a 20% commission  [#permalink]

Show Tags

New post 10 Jul 2014, 04:25
1
Commission per one bag: 3200/400=8

8 = 20% of the selling price

8=0.2x
x=40

Answer is A
SVP
SVP
User avatar
Status: The Best Or Nothing
Joined: 27 Dec 2012
Posts: 1823
Location: India
Concentration: General Management, Technology
WE: Information Technology (Computer Software)
Re: A garden supplies retailer makes a 20% commission  [#permalink]

Show Tags

New post 10 Jul 2014, 23:33
Commission per bag \(= \frac{3200}{400}= 8\)

Selling Price \(= \frac{8}{20} * 100 = 40\)

Answer = A
_________________

Kindly press "+1 Kudos" to appreciate :)

Manager
Manager
avatar
Joined: 21 Oct 2013
Posts: 185
Location: Germany
GMAT 1: 660 Q45 V36
GPA: 3.51
Re: A garden supplies retailer makes a 20% commission  [#permalink]

Show Tags

New post 18 Aug 2014, 02:51
0.2 * 400 * x = 3,200 --> 0.2x = 3,200/400 --> 0.2x = 8 --> x = 8 / 0.2 --> x = 40.

Answer A.
Director
Director
User avatar
P
Joined: 08 Jun 2013
Posts: 544
Location: France
Schools: INSEAD Jan '19
GMAT 1: 200 Q1 V1
GPA: 3.82
WE: Consulting (Other)
GMAT ToolKit User Premium Member
Re: A garden supplies retailer makes a 20% commission  [#permalink]

Show Tags

New post 31 Oct 2018, 08:38
First find the commission earned per bag. If the retailer makes $3,200 from 400 bags, then it makes $3,200 400 = $8 from one bag. Now, we know that this commission is 20% of the cost of one bag, so let's set up an algebraic equation and solve for the cost. $8 = 0.20x, so x = $40, and the selling price of each bag is therefore $40. Choice (A) is correct.

Posted from my mobile device
_________________

Everything will fall into place…

There is perfect timing for
everything and everyone.
Never doubt, But Work on
improving yourself,
Keep the faith and
Stay ready. When it’s
finally your turn,
It will all make sense.

GMAT Club Bot
Re: A garden supplies retailer makes a 20% commission &nbs [#permalink] 31 Oct 2018, 08:38
Display posts from previous: Sort by

A garden supplies retailer makes a 20% commission

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.