It is currently 23 Oct 2017, 23:03

### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# A merchant offers a discount of 30% on her list price and

Author Message
VP
Joined: 21 Sep 2003
Posts: 1057

Kudos [?]: 82 [0], given: 0

Location: USA
A merchant offers a discount of 30% on her list price and [#permalink]

### Show Tags

03 Jan 2006, 19:49
1
This post was
BOOKMARKED
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

This topic is locked. If you want to discuss this question please re-post it in the respective forum.

A merchant offers a discount of 30% on her list price and ends up making a profit of 19% on her cost price. By what percentage was her list price more than the cost price?
A) 70%
B) 49%
C) 54.7%
D) 57%
E) 76%
_________________

"To dream anything that you want to dream, that is the beauty of the human mind. To do anything that you want to do, that is the strength of the human will. To trust yourself, to test your limits, that is the courage to succeed."

- Bernard Edmonds

Kudos [?]: 82 [0], given: 0

Intern
Joined: 31 Dec 2005
Posts: 18

Kudos [?]: 1 [0], given: 0

### Show Tags

03 Jan 2006, 20:03
Assume CP = 100 Then SP = 119 which is 70% of List price
therfore LP = 170

Therefore LP is 70% more than CP which is A
_________________

Tony Chandra

Kudos [?]: 1 [0], given: 0

Director
Joined: 04 Oct 2005
Posts: 582

Kudos [?]: 7 [0], given: 0

Location: Chicago

### Show Tags

03 Jan 2006, 22:10
Let List Price=x and Cost Price=y
As per the data

0.7x-y=0.19y =>x/y=1.19/0.7
By what percertange is x greater than y means (x-y)/y=(1.19-0.7)/0.7
=>0.7*100=70%

Kudos [?]: 7 [0], given: 0

Manager
Joined: 13 Dec 2005
Posts: 224

Kudos [?]: 8 [0], given: 0

Location: Milwaukee,WI

### Show Tags

04 Jan 2006, 12:26
say cost price x list price 100 then selling price = 70

and selling price = x + .19x i.e 70 = x +.19x i.e x = 58.8

list price above cost price is 100-58.8 = 41.2

therfore % list price above cost price is

(41.2/58.8) * 100 = 70%

Kudos [?]: 8 [0], given: 0

04 Jan 2006, 12:26
Display posts from previous: Sort by