GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 11 Dec 2019, 14:44

### 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

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

# A trader sold 600 units of books for \$6 each and 800 units of books fo

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

### Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 59674
A trader sold 600 units of books for \$6 each and 800 units of books fo  [#permalink]

### Show Tags

24 Sep 2018, 05:50
00:00

Difficulty:

25% (medium)

Question Stats:

89% (01:09) correct 11% (00:49) wrong based on 20 sessions

### HideShow timer Statistics

A trader sold 600 units of books for \$6 each and 800 units of books for \$4 each. If the trader’s cost of producing each unit of book was \$5, what was the trader’s profit or loss on the sale of 1,400 books?

(A) Loss of \$600
(B) Loss of \$200
(C) No profit or loss
(D) Profit of \$200
(E) Profit of \$300

_________________
NUS School Moderator
Joined: 18 Jul 2018
Posts: 1026
Location: India
Concentration: Finance, Marketing
WE: Engineering (Energy and Utilities)
Re: A trader sold 600 units of books for \$6 each and 800 units of books fo  [#permalink]

### Show Tags

24 Sep 2018, 05:57
600 units sold for 6\$ each. Total sales = 3600\$.
800 units sold for 4\$ each. Total sales = 3200\$.
Total Cost price = 1400*5 = 7000\$.
Total selling price = 6800.

Loss = SP-CP = 200\$.

B is the answer

Posted from my mobile device
Re: A trader sold 600 units of books for \$6 each and 800 units of books fo   [#permalink] 24 Sep 2018, 05:57
Display posts from previous: Sort by

# A trader sold 600 units of books for \$6 each and 800 units of books fo

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

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