A grocer bought 24Kg of coffee beans at price X. After a : PS Archive
Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

 It is currently 27 Feb 2017, 23:05

### 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 grocer bought 24Kg of coffee beans at price X. After a

Author Message
Manager
Joined: 31 Dec 2003
Posts: 214
Location: US
Followers: 0

Kudos [?]: 34 [0], given: 0

A grocer bought 24Kg of coffee beans at price X. After a [#permalink]

### Show Tags

01 Sep 2004, 08:26
00:00

Difficulty:

(N/A)

Question Stats:

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

### HideShow timer Statistics

This topic is locked. If you want to discuss this question please re-post it in the respective forum.

14. A grocer bought 24Kg of coffee beans at price X. After a while one third of the stock got spoiled so he sold the rest for 200$per Kilo and made a total profit of twice the cost. What must be price X? (a) 66 2/3$.
(b) 50 1/3$. (c) 48 1/6$.
(d) 33 1/3$. (e) 24 1/2$.
Director
Joined: 20 Jul 2004
Posts: 593
Followers: 2

Kudos [?]: 126 [0], given: 0

### Show Tags

01 Sep 2004, 08:42
Original price = 24X
Spoiled = 8Kg, Rest = 16Kg
Sale Price = 16(200), Profit = 16(200)-24X

16(200)-24X = 2(24X)
X = 400/9 = 44 4/9
I dont see this as an answer choice

Either,
The question sd read "made a total profit equal to the cost.", then (A). 66 2/3$. Also, I guess, the stem sd be "A grocer bought 24Kg of coffee beans at price X/Kg" Or I am missing something too easy due to loss of sleep. Manager Joined: 02 Apr 2004 Posts: 224 Location: Utrecht Followers: 1 Kudos [?]: 21 [0], given: 0 ### Show Tags 01 Sep 2004, 13:21 Well, I got also$44 as answer.

When I use as cost only the cost of the sold goods which is 16 kg then I come to solution 66,66. But I doubt we only may calculate the cost of goods sold, because this will not reflect the total cost X when he bought the 24 kilograms of coffee.

Regards,

Alex
GMAT Club Legend
Joined: 07 Jul 2004
Posts: 5062
Location: Singapore
Followers: 31

Kudos [?]: 368 [0], given: 0

### Show Tags

01 Sep 2004, 18:54
24kg of beans -- $24x 2/3(24) = 16kg sold, --$200 per kg

Profit = 200(16) - 24x = 48x
x = $44 I don't like this question for one big reason: It said 24kg beans at price X. My initial interpretation is 24kgs cost$x dollars. However, it turned out instead it meant 24kg for x dollars per kg
Manager
Joined: 31 Dec 2003
Posts: 214
Location: US
Followers: 0

Kudos [?]: 34 [0], given: 0

### Show Tags

01 Sep 2004, 23:07
The answer is not matching any of the answer choices. Even i got that ans as 44 4/9.
Thanks.
01 Sep 2004, 23:07
Display posts from previous: Sort by