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23 Jul 2022, 02:29
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Difficulty:
55%
(hard)
Question Stats:
70% (02:53) correct
30%
(03:32)
wrong
based on 30
sessions
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A toy shop owner sources a rare toy from various retailers who sold the toy to him at different rates. He got 40% of his stock from a retailer who sold it to him at 100/piece, 25% of his stock from a retailer who sold it to him at 120/piece and 35% of the stock from retailer who sold it to him at 80/piece. The shop owner decides to keep a single marked price for all the pieces of the toy. What should be the marked price if he wants to earn 20% profit after offering 20% discount ?
A. 127
B. 132
C. 137
D. 142
E. 147
A. 127
B. 132
C. 137
D. 142
E. 147
Archived Topic
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This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
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17 Aug 2022, 11:02
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Given: A toy shop owner sources a rare toy from various retailers who sold the toy to him at different rates. He got 40% of his stock from a retailer who sold it to him at 100/piece, 25% of his stock from a retailer who sold it to him at 120/piece and 35% of the stock from retailer who sold it to him at 80/piece. The shop owner decides to keep a single marked price for all the pieces of the toy.
Asked: What should be the marked price if he wants to earn 20% profit after offering 20% discount ?
Weighted average cost price of the rare toy = 40%*100 + 25%*120 + 35%*80 = 40 + 30 + 28 = 98 / piece
Let the market price of the toy be x.
(100%-20%)x = .8x = 98*(100%+20%) = 98 * 1.2
x = 98 *1.2/.8 = 98*3/2 = 147
IMO E
Asked: What should be the marked price if he wants to earn 20% profit after offering 20% discount ?
Weighted average cost price of the rare toy = 40%*100 + 25%*120 + 35%*80 = 40 + 30 + 28 = 98 / piece
Let the market price of the toy be x.
(100%-20%)x = .8x = 98*(100%+20%) = 98 * 1.2
x = 98 *1.2/.8 = 98*3/2 = 147
IMO E
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Problem Solving (PS) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
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