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

It is currently 20 May 2019, 18:04

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

A grocer purchased 50 identical cans of soup for a total cost of x

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

Hide Tags

 
Senior Manager
Senior Manager
avatar
G
Joined: 26 Dec 2015
Posts: 253
Location: United States (CA)
Concentration: Finance, Strategy
WE: Investment Banking (Venture Capital)
A grocer purchased 50 identical cans of soup for a total cost of x  [#permalink]

Show Tags

New post 23 Apr 2017, 08:55
1
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

75% (01:27) correct 25% (01:41) wrong based on 85 sessions

HideShow timer Statistics

A grocer purchased 50 identical cans of soup for a total cost of x dollars. If the grocer then sells each can at 10% above its original cost, then in terms of x, for how many dollars would each can sell?

A) 110x-100

B) \(\frac{11x}{10}\)

C) \(\frac{11x}{5}\)

D) \(\frac{11x}{500}\)

E) 110x
Current Student
User avatar
G
Joined: 22 Jun 2016
Posts: 242
Reviews Badge
Re: A grocer purchased 50 identical cans of soup for a total cost of x  [#permalink]

Show Tags

New post 23 Apr 2017, 11:11
Let x = 100

Each can is of $2.
Now each can is sold at 10% profit or $2.2

Total value of sold product = 2.2*50 = 110

Profit = 110-100 = 10

Each can profit = 10/50 = 0.2

Substitute x=100 in each option. Only D satisfies and hence is the answer.
_________________
P.S. Don't forget to give Kudos :)
Intern
Intern
avatar
B
Joined: 18 Jul 2016
Posts: 16
Re: A grocer purchased 50 identical cans of soup for a total cost of x  [#permalink]

Show Tags

New post 25 Apr 2017, 01:52
1
cost price of 50cans = x
selling price of 50 cans= 1.1x (if each can is raised by 10% the total also raises by 10%)

selling price of 1 can = 1.1x/50 = 11x/500
_________________
Engineer, Quant score 53 First attempt.
Retired Moderator
avatar
P
Joined: 22 Aug 2013
Posts: 1443
Location: India
Re: A grocer purchased 50 identical cans of soup for a total cost of x  [#permalink]

Show Tags

New post 20 May 2017, 04:31
Since each can costs the same and he sells each can at 10% above cost price,
Overall also the selling price will be 10% above total cost price.

So total selling price of 50 cans = 10% more than x = 1.1 x

Thus, selling price of 1 can = 1.1x/50 = 11x/500

So the answer is D
VP
VP
avatar
G
Joined: 09 Mar 2018
Posts: 1004
Location: India
Re: A grocer purchased 50 identical cans of soup for a total cost of x  [#permalink]

Show Tags

New post 17 Feb 2019, 01:08
LakerFan24 wrote:
A grocer purchased 50 identical cans of soup for a total cost of x dollars. If the grocer then sells each can at 10% above its original cost, then in terms of x, for how many dollars would each can sell?

A) 110x-100

B) \(\frac{11x}{10}\)

C) \(\frac{11x}{5}\)

D) \(\frac{11x}{500}\)

E) 110x


Let x be 50 dollars, this means cost of one can = $1

increased by 10% means price of each can = $1.1

Now Only D gives us our target value

D
_________________
If you notice any discrepancy in my reasoning, please let me know. Lets improve together.

Quote which i can relate to.
Many of life's failures happen with people who do not realize how close they were to success when they gave up.
GMAT Club Bot
Re: A grocer purchased 50 identical cans of soup for a total cost of x   [#permalink] 17 Feb 2019, 01:08
Display posts from previous: Sort by

A grocer purchased 50 identical cans of soup for a total cost of x

  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®.