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73% (02:17) correct
27%
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A grocer buys apples for 63¢ per pound. If 10% of the apples goes bad and he still wants to make a 20% profit over his purchase price, what should be the sales price?
A) 66¢
B) 70¢
C) 75¢
D) 77¢
E) 84¢
Source : BARRONS - Gmat Math Workbook
A) 66¢
B) 70¢
C) 75¢
D) 77¢
E) 84¢
Source : BARRONS - Gmat Math Workbook
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17 Aug 2015, 16:31
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peketoons
A grocer buys apples for 63¢ per pound. If 10% of the apples goes bad and he still wants to make a 20% profit over his purchase price, what should be the sales price?
A) 66¢
B) 70¢
C) 75¢
D) 77¢
E) 84¢
Source : BARRONS - Gmat Math Workbook
A) 66¢
B) 70¢
C) 75¢
D) 77¢
E) 84¢
Source : BARRONS - Gmat Math Workbook
The OA should be E and not D
Let the grocer buys 10 lb of apples @63 cents per lb. Total purchase price = 0.63*10 = 6.3$
'Good' apples =0.9*10=9lb
Let p be the price per lb of apple that he sold at
Thus, per the question ---> \(\frac{9p-6.3}{6.3} = 0.2\) -----> p = 0.84 $ / lb. E is the correct answer.
22 May 2016, 12:40
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peketoons
A grocer buys apples for 63¢ per pound. If 10% of the apples goes bad and he still wants to make a 20% profit over his purchase price, what should be the sales price?
A) 66¢
B) 70¢
C) 75¢
D) 77¢
E) 84¢
Source : BARRONS - Gmat Math Workbook
for making calculation simple let us consider he buys 10pounds @ 63/pound=630¢ in total .A) 66¢
B) 70¢
C) 75¢
D) 77¢
E) 84¢
Source : BARRONS - Gmat Math Workbook
10% apples lost...means 9 pounds left.
further he wants 20% profit on 630 ¢
means he wants to earn 756¢
sales price should be 756/9==¢ 84
Ans E
