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07 Dec 2018, 02:54
Kudos
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C
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Difficulty:
35%
(medium)
Question Stats:
69% (01:47) correct
31%
(02:06)
wrong
based on 101
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Not Attempted Yet
A shopkeeper purchases birdfeeders for $10 each and sells them for $18 each. If the cost of the feeders increases by 50% for two months in a row, what is the smallest percent increase the shopkeeper can apply to the selling price in order to avoid selling at a loss?
A. 10%
B. 20%
C. 25%
D. 40%
E. 45%
A. 10%
B. 20%
C. 25%
D. 40%
E. 45%
07 Dec 2018, 03:01
Kudos
Bookmarks
Price before increase = 10$
First month = 15$
Second month = 22.5$
CP = 22.5$
SP = 18$
The least percentage increase so as not to inccur no loss is (22.5-18)/18 = 4.5/18*100 = 25%
C is the answer
Posted from my mobile device
First month = 15$
Second month = 22.5$
CP = 22.5$
SP = 18$
The least percentage increase so as not to inccur no loss is (22.5-18)/18 = 4.5/18*100 = 25%
C is the answer
Posted from my mobile device
Archit3110
Major Poster
07 Dec 2018, 04:08
Kudos
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Bunuel
Buying price $10 , after 2 successive price increses @50% new price would be $22.5
% increase in price to break even would be 22.5-18 /18 = 25% IMO C
