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A garden supplies retailer makes a 20% commission on the selling price

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A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 23 Oct 2019, 21:32
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A
B
C
D
E

Difficulty:

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Question Stats:

91% (01:08) correct 9% (00:41) wrong based on 35 sessions

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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

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Re: A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 23 Oct 2019, 21:56
1
X be the price of each bag

Then
(400*x)*20/100 = 3200
x=40

OA:A

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Re: A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 23 Oct 2019, 22:51
We are informed that a 20% commission is made on the selling price of each item and further informed that total commissions of $3,200 were made on 400 items. We are to find the selling price of an item.

$3200 is made on 400 items, hence commission on an item = 3200/400 = $8
0.2*SP=8
SP=$40

The answer is option D.
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Re: A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 23 Oct 2019, 23:53
1
solve by using answer options
given SP ;
option A; 40$ ; the total SP 400 bags ; 1600$
and with 20% commission ; 40*1.248$*400 ; 19200 $
∆ ; commission earned ; 19200-16000 ; 3200 $
IMO A

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
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Re: A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 24 Oct 2019, 00:48
1
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

\(\frac{3200}{(0.2*400)} = 40\)

Answer A.
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Re: A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 24 Oct 2019, 00:52
1
Let P be the selling price of bag.
—> the retailer makes a 20% commission on the selling price of each bag.

By selling 400 bags, he made $3200 in commission.
P—???
——————
\(400*P*\frac{20}{100}\)= 3200

80*P= 3200
P= 40

The answer is A

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Re: A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 24 Oct 2019, 03:27
1
Given: 20% commission on the selling price for each bag.
Total commission = $3200

Assume Total SP be x

20% of x = 3200 => x = 16000

SP of each product be 16000/400 = $40

IMO Answer should be Option A
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Re: A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 24 Oct 2019, 05:03
1
Quote:
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


\(commission:3200=0.2•sales…sales=5(3200)…sales=price•qty…price=5(3200)/400=40\)

Answer (A)
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Re: A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 24 Oct 2019, 11:20
1
Commission = 20% of selling price

For 400 mulchs, commission = 3200
—> For 1 mulch, commission = 3200/400 = $8

—> 8 = 20/100*SP
—> SP = $40

IMO Option A

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Re: A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 24 Oct 2019, 11:41
1
20% commission on each bag sold.

400 bags sold at a commission of 3200

Commission on per bag: 8

X: be Selling price of the bag

20/100% of X= 8

Therefore X= 8*100/20= 40

IMO A
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Re: A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 24 Oct 2019, 17:31
1
20% commission on sales = 3200
Therefore, the Sales value for 400 bags= 16000
So one bag cost= 40.
A is correct.
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Re: A garden supplies retailer makes a 20% commission on the selling price  [#permalink]

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New post 24 Oct 2019, 20:00
1
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?

Total Selling Price * 20% = 3200
TSP=3200/20%
TSP=16000
16000/400=40

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

Therefore, A
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Re: A garden supplies retailer makes a 20% commission on the selling price   [#permalink] 24 Oct 2019, 20:00
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