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A scout troop buys 1000 candy bars at a price of five for 2 dollars. T

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Math Expert
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Joined: 02 Sep 2009
Posts: 54375
A scout troop buys 1000 candy bars at a price of five for 2 dollars. T  [#permalink]

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New post 24 Mar 2019, 21:54
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

88% (01:07) correct 13% (01:32) wrong based on 24 sessions

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CEO
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Joined: 18 Aug 2017
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Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
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Re: A scout troop buys 1000 candy bars at a price of five for 2 dollars. T  [#permalink]

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New post 24 Mar 2019, 22:49
Bunuel wrote:
A scout troop buys 1000 candy bars at a price of five for 2 dollars. They sell all the candy bars at the price of two for 1 dollar. What was their profit, in dollars?

(A) 100
(B) 200
(C) 300
(D) 400
(E) 500


buying cost per candy ; 2/5 ; .4
so 1000 candies price ; 1000*.4 = 400$
SP per candy l 1/2 ; 0.5
SP for 1000 candies ; .5*100 ; 500 $
Profit = SP-CP; 500-400 ; 100 $
IMO A
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Re: A scout troop buys 1000 candy bars at a price of five for 2 dollars. T  [#permalink]

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New post 25 Mar 2019, 22:10
given 5 candy bars were bought for 2 dollar ==> 10 are bought for 4 dollars
CP ==> 1000 for 400dollars
2 candy bars were sold for 1 dollar ==> 10 sold for 5 dollars
==> 1000 sold for 500 dollars


Profit = 500-400 = 100 dollars - Option A
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Joined: 16 Jan 2019
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Re: A scout troop buys 1000 candy bars at a price of five for 2 dollars. T  [#permalink]

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New post 02 Apr 2019, 22:57
Cost per candy bar = $2/5
Selling price per candy bar = $1/2

Profit per candy bar = (1/2)-(2/5) = 1/10

=>Profit for 1000 candy bars = 1000/10 = $100
GMAT Club Bot
Re: A scout troop buys 1000 candy bars at a price of five for 2 dollars. T   [#permalink] 02 Apr 2019, 22:57
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A scout troop buys 1000 candy bars at a price of five for 2 dollars. T

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