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24 Sep 2018, 05:39
00:00

Difficulty:

15% (low)

Question Stats:

82% (00:41) correct 18% (01:12) wrong based on 31 sessions

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A shopkeeper could sell only (4/5)th of the stock at the rate of $3 per item. If 100 items were unsold, what was the total amount he received from the sale? (A)$240
(B) $1200 (C)$1250
(D) $1300 (E)$1500

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27 Sep 2018, 17:20
Bunuel wrote:
A shopkeeper could sell only (4/5)th of the stock at the rate of $3 per item. If 100 items were unsold, what was the total amount he received from the sale? (A)$240
(B) $1200 (C)$1250
(D) $1300 (E)$1500

We can create the equation:

Since 4/5 of the stock was sold, 1/5 was not sold; thus:

n/5 = 100

n = 500

Thus, 400 were sold for 3 dollars per item for a total of 1200 dollars.

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