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After purchasing a flat screen television for $750, John realizes that

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After purchasing a flat screen television for $750, John realizes that  [#permalink]

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New post 08 Aug 2019, 01:09
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A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

96% (01:04) correct 4% (02:55) wrong based on 24 sessions

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Location: India
GMAT 1: 690 Q50 V34
WE: Engineering (Transportation)
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Re: After purchasing a flat screen television for $750, John realizes that  [#permalink]

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New post 08 Aug 2019, 04:27
Bunuel wrote:
After purchasing a flat screen television for $750, John realizes that he got a great deal on it and wishes to sell it for a 15% profit. What should his asking price be for the television?

A. $800.30
B. $833.60
C. $842.35
D. $862.50
E. $970.25


Given: After purchasing a flat screen television for $750, John realizes that he got a great deal on it and wishes to sell it for a 15% profit.

Asked: What should his asking price be for the television?

Asking price = 115% * $750 = $862.5

IMO D
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Re: After purchasing a flat screen television for $750, John realizes that  [#permalink]

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New post 11 Aug 2019, 18:39
Bunuel wrote:
After purchasing a flat screen television for $750, John realizes that he got a great deal on it and wishes to sell it for a 15% profit. What should his asking price be for the television?

A. $800.30
B. $833.60
C. $842.35
D. $862.50
E. $970.25


Letting P = the amount of profit he will make and R = the total price he will sell the television for, we can create the equation:

P = 0.15(750)

R - 750 = 0.15(750)

R - 750 = 112.5

R = 862.50

Alternate Solution:

He should sell the television for 750 x 1.15 = 862.50 dollars.

Answer: D
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Re: After purchasing a flat screen television for $750, John realizes that   [#permalink] 11 Aug 2019, 18:39

After purchasing a flat screen television for $750, John realizes that

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