GMAT Question of the Day: Daily via email | Daily via Instagram New to GMAT Club? Watch this Video

It is currently 03 Aug 2020, 13:02

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

A Wholeseller supplies few chips to a retailer every year.

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

Hide Tags

Find Similar Topics 
PS Forum Moderator
User avatar
P
Joined: 18 Jan 2020
Posts: 1501
Location: India
GPA: 4
Premium Member CAT Tests
A Wholeseller supplies few chips to a retailer every year.  [#permalink]

Show Tags

New post 10 Jun 2020, 07:39
00:00
A
B
C
D
E

Difficulty:

  35% (medium)

Question Stats:

75% (03:08) correct 25% (02:44) wrong based on 8 sessions

HideShow timer Statistics

A Wholeseller supplies few chips to a retailer every year. Each Chip Costs 10,000 to the wholeseller. 5% of the chips are defective and they are to be replaced without charging anything extra. if the wholeseller still makes a profit of 20%, at what price he is selling it to the retailer.

A. 12,300
B. 12,600
C. 12,900
D. 13,200
E. 13,500
Intern
Intern
avatar
Joined: 23 Oct 2019
Posts: 5
Re: A Wholeseller supplies few chips to a retailer every year.  [#permalink]

Show Tags

New post 10 Jun 2020, 08:29
1
The answer is (B):

If one chip costs 10,000 but 5% are defective, then this will add 5% to the wholesaler's costs.

This means the chips will cost, on average, 10,500 for each one that gets sold.

If the wholesaler makes 20% profit on this, then the profit is 2,100 per chip.

This means the chips are sold for 10,500 + 2,100 = 12,600 - this is (B).
GMAT Club Bot
Re: A Wholeseller supplies few chips to a retailer every year.   [#permalink] 10 Jun 2020, 08:29

A Wholeseller supplies few chips to a retailer every year.

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





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