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scoobee
A man bought 10 crates of oranges for $80 total. If he lost 2 of the crates, at what price would he have to sell each of the remaining crates in order to earn a total profit of 25 percent of the total cost?

A. $10.00
B. $10.50
C. $12.00
D. $12.50
E. $120.00

The total cost is $80. In order to earn a total profit of 25% the total sales must be 80*1.25 = $100.

Thus he must sell each of he remaining crates for 100/8 = $12.5.

Answer: D.
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Hello from the GMAT Club BumpBot!

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