Forum Home > GMAT > Quantitative > Problem Solving (PS)
Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Dec 1310:00 AM EST
-12:00 PM EST
Have you ever wondered how to score a PERFECT 805 on the GMAT? Meet Julia, a banking professional who used the Target Test Prep course to achieve this incredible feat. Julia's story is nothing short of an inspiration.
Dec 1410:00 AM EST
-12:00 PM EST
Think a 100% GMAT Verbal score is out of your reach? Target Test Prep will make you think again! Our course uses techniques such as topical study and spaced repetition to maximize knowledge retention and make studying simple and fun.
Dec 1411:00 AM IST
-01:00 PM IST
Attend this session to learn how to Deconstruct arguments, Pre-Think Author’s Assumptions, and apply Negation Test.- Dec 15
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. 
Dec 1608:00 AM PST
-11:59 PM PST
GMAT Club 12 Days of Christmas is a 4th Annual GMAT Club Winter Competition based on solving questions. This is the Winter GMAT competition on GMAT Club with an amazing opportunity to win over $40,000 worth of prizes!
29 Oct 2018, 02:25
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
65%
(hard)
Question Stats:
58% (02:19) correct
42%
(02:17)
wrong
based on 158
sessions
History
Date
Time
Result
Not Attempted Yet
A grocer bought 24Kg of coffee beans at price X. After a while one third of the stock got spoiled so he sold the rest for 200$ 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. 44 4/9$.
D. 33 1/3$.
E. 24 1/2$.
A. 66 2/3$.
B. 50 1/3$.
C. 44 4/9$.
D. 33 1/3$.
E. 24 1/2$.
29 Oct 2018, 02:51
Kudos
Bookmarks
Bunuel
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. 44 4/9$.
D. 33 1/3$.
E. 24 1/2$.
A. 66 2/3$.
B. 50 1/3$.
C. 44 4/9$.
D. 33 1/3$.
E. 24 1/2$.
The grocer bought 24 kg of coffee beans at X and sold 16 kg(as one-third of stock
got spoiled) of the stock for 200$ per kilo. The total profit made is twice the cost.
Profit = Selling Price - Cost Price So, \(16*200 - 24*x = 2*24x\)
This can be further simplified as \(72x = 16*200\) -> \(x = \frac{16*200}{72} = \frac{400}{9}\)
Therefore, the price at which the grocer bought the coffee beans is $\(44\frac{4}{9}\) (Option C)
30 Oct 2018, 02:18
Kudos
Bookmarks
pushpitkc
Bunuel
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. 44 4/9$.
D. 33 1/3$.
E. 24 1/2$.
A. 66 2/3$.
B. 50 1/3$.
C. 44 4/9$.
D. 33 1/3$.
E. 24 1/2$.
The grocer bought 24 kg of coffee beans at X and sold 16 kg(as one-third of stock
got spoiled) of the stock for 200$ per kilo. The total profit made is twice the cost.
Profit = Selling Price - Cost Price So, \(16*200 - 24*x = 2*24x\)
This can be further simplified as \(72x = 16*200\) -> \(x = \frac{16*200}{72} = \frac{200}{9}\)
Therefore, the price at which the grocer bought the coffee beans is $\(44\frac{4}{9}\) (Option C)
There is a small calculation mistake in the end.
16 * 200/72 = 400/9
