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

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Math Expert
Joined: 02 Sep 2009
Posts: 64068
A trader sold 600 units of books for \$6 each and 800 units of books fo  [#permalink]

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24 Sep 2018, 04:50
00:00

Difficulty:

15% (low)

Question Stats:

89% (01:08) correct 11% (00:49) wrong based on 21 sessions

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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

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Joined: 18 Jul 2018
Posts: 1116
Location: India
Concentration: Operations, General Management
GMAT 1: 590 Q46 V25
GMAT 2: 690 Q49 V34
WE: Engineering (Energy and Utilities)
Re: A trader sold 600 units of books for \$6 each and 800 units of books fo  [#permalink]

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24 Sep 2018, 04:57
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\$.

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Re: A trader sold 600 units of books for \$6 each and 800 units of books fo   [#permalink] 24 Sep 2018, 04:57