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

It is currently 23 Oct 2018, 07:01

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 grocery store purchased crates of 40 oranges each for $5.00 per

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

Hide Tags

Director
Director
User avatar
P
Joined: 26 Aug 2016
Posts: 640
Location: India
Concentration: Strategy, Marketing
GMAT 1: 690 Q50 V33
GMAT 2: 700 Q50 V33
GMAT 3: 730 Q51 V38
GPA: 4
WE: Information Technology (Consulting)
Premium Member Reviews Badge
A grocery store purchased crates of 40 oranges each for $5.00 per  [#permalink]

Show Tags

New post Updated on: 18 Apr 2017, 03:52
1
3
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

85% (01:23) correct 15% (01:53) wrong based on 94 sessions

HideShow timer Statistics

A grocery store purchased crates of 40 oranges each for $5.00 per crate and then sold each orange for $0.20. What was the store's gross profit on each crate of oranges?

(A) $3.00
(B) $6.00
(C) $8.00
(D) $10.00
(E) $13.00

Originally posted by Nightmare007 on 18 Apr 2017, 03:49.
Last edited by Bunuel on 18 Apr 2017, 03:52, edited 1 time in total.
Renamed the topic and edited the question.
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 50058
Re: A grocery store purchased crates of 40 oranges each for $5.00 per  [#permalink]

Show Tags

New post 18 Apr 2017, 03:57
Nightmare007 wrote:
A grocery store purchased crates of 40 oranges each for $5.00 per crate and then sold each orange for $0.20. What was the store's gross profit on each crate of oranges?

(A) $3.00
(B) $6.00
(C) $8.00
(D) $10.00
(E) $13.00


Price per crate is $5.
Revenue per crate = 0.2*40 = $8.

Profit per crate = $8 - $5 = $3.

Answer: A.
_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Target Test Prep Representative
User avatar
G
Status: Head GMAT Instructor
Affiliations: Target Test Prep
Joined: 04 Mar 2011
Posts: 2830
Re: A grocery store purchased crates of 40 oranges each for $5.00 per  [#permalink]

Show Tags

New post 05 Apr 2018, 17:14
Nightmare007 wrote:
A grocery store purchased crates of 40 oranges each for $5.00 per crate and then sold each orange for $0.20. What was the store's gross profit on each crate of oranges?

(A) $3.00
(B) $6.00
(C) $8.00
(D) $10.00
(E) $13.00


Each crate of oranges costs 5 dollars, and each crate is sold for 40 x 0.2 = 8 dollars, so the profit, per crate, is 3 dollars.

Answer: A
_________________

Jeffery Miller
Head of GMAT Instruction

GMAT Quant Self-Study Course
500+ lessons 3000+ practice problems 800+ HD solutions

GMAT Club Bot
Re: A grocery store purchased crates of 40 oranges each for $5.00 per &nbs [#permalink] 05 Apr 2018, 17:14
Display posts from previous: Sort by

A grocery store purchased crates of 40 oranges each for $5.00 per

  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®.