Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

It is currently 26 May 2017, 04:20

TODAY:

INSEAD Jan18 Admission Decisions - Join Us in the Chat for Live Decision Updates


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

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

A store’s selling price of $2240 for a certain computer would yield a

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

Hide Tags

Manager
Manager
User avatar
Joined: 06 Feb 2010
Posts: 174
Concentration: Marketing, Leadership
Schools: University of Dhaka - Class of 2010
GPA: 3.63
WE: Business Development (Consumer Products)
Followers: 64

Kudos [?]: 1248 [0], given: 182

A store’s selling price of $2240 for a certain computer would yield a [#permalink]

Show Tags

New post 28 Oct 2010, 22:28
3
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

74% (02:08) correct 26% (01:47) wrong based on 141 sessions

HideShow timer Statistics

A store’s selling price of $2240 for a certain computer would yield a profit of 40 percent of the store’s cost for the computer. What selling price would yield a profit of 50 percent of the computer’s cost?

(A) $2400
(B) $2464
(C) $2650
(D) $2732
(E) $2800
[Reveal] Spoiler: OA

_________________

Practice Makes a Man Perfect. Practice. Practice. Practice......Perfectly

Critical Reasoning: http://gmatclub.com/forum/best-critical-reasoning-shortcuts-notes-tips-91280.html

Collections of MGMAT CAT: http://gmatclub.com/forum/collections-of-mgmat-cat-math-152750.html

MGMAT SC SUMMARY: http://gmatclub.com/forum/mgmat-sc-summary-of-fourth-edition-152753.html

Sentence Correction: http://gmatclub.com/forum/sentence-correction-strategies-and-notes-91218.html

Arithmatic & Algebra: http://gmatclub.com/forum/arithmatic-algebra-93678.html

Helpful Geometry formula sheet: http://gmatclub.com/forum/best-geometry-93676.html


I hope these will help to understand the basic concepts & strategies. Please Click ON KUDOS Button.

Manager
Manager
avatar
Joined: 03 Jun 2010
Posts: 181
Location: United States (MI)
Concentration: Marketing, General Management
WE: Business Development (Consumer Products)
Followers: 6

Kudos [?]: 69 [0], given: 40

GMAT ToolKit User Reviews Badge
Re: A store’s selling price of $2240 for a certain computer would yield a [#permalink]

Show Tags

New post 29 Oct 2010, 02:38
If we talk about profit, it is an extra-price, so the total is 140%.
2240 -- 140%
x -- 150%

\(x=2240*150/140=2400\)
(A)
Manager
Manager
User avatar
Joined: 01 Nov 2010
Posts: 179
Location: Zürich, Switzerland
Followers: 2

Kudos [?]: 45 [0], given: 20

Re: A store’s selling price of $2240 for a certain computer would yield a [#permalink]

Show Tags

New post 09 Nov 2010, 08:16
1
This post was
BOOKMARKED
1.4x = 2240
x=2240/1.4
so, 1.5X = 2240*1.5/1.4= 2400

Answer:- A
Manager
Manager
avatar
B
Joined: 23 May 2013
Posts: 191
Location: United States
Concentration: Technology, Healthcare
GMAT 1: 760 Q49 V45
GPA: 3.5
Followers: 3

Kudos [?]: 87 [0], given: 42

GMAT ToolKit User
Re: A store’s selling price of $2240 for a certain computer would yield a [#permalink]

Show Tags

New post 02 Dec 2015, 12:29
I found the original buying price first because the math turned out to be easier.

2240 = X * 1.4 = X * (7/5). Therefore, X = 2240 * 5/7.

2240 is easily divided by 7 to be 320, which is then easily multiplied by 5 to give X = 1600. To get 50% profit, you need 1600 * 1.5 = 2400.

Answer: A
Manager
Manager
avatar
G
Joined: 06 Jan 2015
Posts: 141
Location: India
Concentration: Operations, Finance
GPA: 3.35
WE: Information Technology (Computer Software)
Followers: 2

Kudos [?]: 65 [0], given: 355

A store's selling price of $ 2,240 [#permalink]

Show Tags

New post 26 Jul 2016, 07:35
A store's selling price of $2,240 for a certain computer would yield a profit of 40 percent of the store's cost for the computer. What selling price would yield a profit of 50 percent of the computer's cost?
A) $2,400
B) $2,464
C) $2,650
D) $2,732
E) $2,800
_________________

आत्मनॊ मोक्षार्थम् जगद्धिताय च
Nandish

Expert Post
Math Expert
User avatar
P
Joined: 02 Sep 2009
Posts: 38894
Followers: 7737

Kudos [?]: 106192 [0], given: 11608

Re: A store’s selling price of $2240 for a certain computer would yield a [#permalink]

Show Tags

New post 26 Jul 2016, 08:35
NandishSS wrote:
A store's selling price of $2,240 for a certain computer would yield a profit of 40 percent of the store's cost for the computer. What selling price would yield a profit of 50 percent of the computer's cost?
A) $2,400
B) $2,464
C) $2,650
D) $2,732
E) $2,800


Merging topics. Please refer to the discussion above.
_________________

New to the Math Forum?
Please read this: All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Director
Director
avatar
S
Joined: 26 Nov 2012
Posts: 571
Followers: 5

Kudos [?]: 134 [0], given: 42

Premium Member CAT Tests
Re: A store’s selling price of $2240 for a certain computer would yield a [#permalink]

Show Tags

New post 26 Jul 2016, 08:40
NandishSS wrote:
A store's selling price of $2,240 for a certain computer would yield a profit of 40 percent of the store's cost for the computer. What selling price would yield a profit of 50 percent of the computer's cost?
A) $2,400
B) $2,464
C) $2,650
D) $2,732
E) $2,800


CP = SP ( 100/100 + P%) => 2240(100/140) = 1600.

SP = CP (100 + P% / 100) => 1600(150/100) = 2400.

Option A is correct answer.
BSchool Forum Moderator
User avatar
G
Joined: 12 Aug 2015
Posts: 2136
Followers: 73

Kudos [?]: 610 [0], given: 553

GMAT ToolKit User CAT Tests
Re: A store’s selling price of $2240 for a certain computer would yield a [#permalink]

Show Tags

New post 29 Jul 2016, 12:09
Nice Question.
Here CP=x=> x(1+40/100)=2240=> x=1600
now 50%x=> 800
profit 800
=> new SP = CP+P=2400
Smash A
_________________

Give me a hell yeah ...!!!!!

Re: A store’s selling price of $2240 for a certain computer would yield a   [#permalink] 29 Jul 2016, 12:09
    Similar topics Author Replies Last post
Similar
Topics:
9 Experts publish their posts in the topic A certain store sells only jacks and marbles. vienbuuchau 6 18 Feb 2017, 18:07
1 Experts publish their posts in the topic When a certain shoe store reduces the price of its best-selling style tanad 1 19 Jun 2016, 21:49
Experts publish their posts in the topic A certain store sells all maps at one price and all books at another Bunuel 2 27 Dec 2016, 09:40
4 Experts publish their posts in the topic The price of a coat in a certain store is $500. If the price of the co LithiumIon 7 23 Jun 2016, 01:17
59 Experts publish their posts in the topic A store sells a certain product at a fixed price per unit. A Jp27 25 23 May 2017, 21:10
Display posts from previous: Sort by

A store’s selling price of $2240 for a certain computer would yield a

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


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.