Summer is Coming! Join the Game of Timers Competition to Win Epic Prizes. Registration is Open. Game starts Mon July 1st.

It is currently 17 Jul 2019, 23:56

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 shopkeeper procured 1600 boxes of a certain chocolate brand at a cos

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

Hide Tags

Find Similar Topics 
Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 56272
A shopkeeper procured 1600 boxes of a certain chocolate brand at a cos  [#permalink]

Show Tags

New post 24 Sep 2018, 05:40
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

89% (02:28) correct 11% (02:28) wrong based on 21 sessions

HideShow timer Statistics


A shopkeeper procured 1600 boxes of a certain chocolate brand at a cost of $10 per box. If he sold (3/4)th of the boxes for one and half times their procurement cost and sold the remaining boxes at a loss of 25 percent of their procurement cost, what was the shopkeeper’s gross profit on the total sale?

(A) $5000
(B) $5500
(C) $6000
(D) $6500
(E) $7500

_________________
CEO
CEO
User avatar
D
Status: GMATINSIGHT Tutor
Joined: 08 Jul 2010
Posts: 2959
Location: India
GMAT: INSIGHT
Schools: Darden '21
WE: Education (Education)
Reviews Badge
Re: A shopkeeper procured 1600 boxes of a certain chocolate brand at a cos  [#permalink]

Show Tags

New post 24 Sep 2018, 19:53
Bunuel wrote:
A shopkeeper procured 1600 boxes of a certain chocolate brand at a cost of $10 per box. If he sold (3/4)th of the boxes for one and half times their procurement cost and sold the remaining boxes at a loss of 25 percent of their procurement cost, what was the shopkeeper’s gross profit on the total sale?

(A) $5000
(B) $5500
(C) $6000
(D) $6500
(E) $7500


Total Box = 1600 @$10
(3/4)th Boxes = 1200 @$15
(1/4)th Boxes = 400 @$7.5

Total Profit = 1200*(15-10) + 400 (7.5-10) = 6000 - 1000 = $5000

Answer: Option A
_________________
Prosper!!!
GMATinsight
Bhoopendra Singh and Dr.Sushma Jha
e-mail: info@GMATinsight.com I Call us : +91-9999687183 / 9891333772
Online One-on-One Skype based classes and Classroom Coaching in South and West Delhi
http://www.GMATinsight.com/testimonials.html

ACCESS FREE GMAT TESTS HERE:22 ONLINE FREE (FULL LENGTH) GMAT CAT (PRACTICE TESTS) LINK COLLECTION
Manager
Manager
avatar
S
Joined: 24 Dec 2017
Posts: 192
Location: India
Concentration: Strategy, Real Estate
Schools: Johnson '21
A shopkeeper procured 1600 boxes of a certain chocolate brand at a cos  [#permalink]

Show Tags

New post 24 Sep 2018, 22:34
Total cost = 1600 x 10 =$16,000

=>3/4 x 1600 = 1200
=>Selling price = 1.5 x 10 = $15
=>$15 x 1200 = $18000

Remaining 400 boxes were sold at 25% loss = $7.5/box
=>400 x 7.5 = $3000

Gross profit
= 18000+3000-16000
= 21000-16000
= 5000

Answer is A
GMAT Club Bot
A shopkeeper procured 1600 boxes of a certain chocolate brand at a cos   [#permalink] 24 Sep 2018, 22:34
Display posts from previous: Sort by

A shopkeeper procured 1600 boxes of a certain chocolate brand at a cos

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  





cron

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne