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An American dealer bought a table in Germany for 480 marks and sold th

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gmatt1476
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An American dealer bought a table in Germany for 480 marks and sold th [#permalink] New post  20 Apr 2020, 12:23
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Exchange Rates in a Particular Year
$1 = 5.3 francs
$1 = 1.6 marks

An American dealer bought a table in Germany for 480 marks and sold the same table in France for 2,385 francs. What was the dealer's gross profit on the two transactions in dollars?

(A) $0
(B) $50
(C) $100
(D) $150
(E) $200



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lacktutor
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An American dealer bought a table in Germany for 480 marks and sold th [#permalink] New post  20 Apr 2020, 12:41
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gmatt1476 wrote:
Exchange Rates in a Particular Year
$1 = 5.3 francs
$1 = 1.6 marks

An American dealer bought a table in Germany for 480 marks and sold the same table in France for 2,385 francs. What was the dealer's gross profit on the two transactions in dollars?

(A) $0
(B) $50
(C) $100
(D) $150
(E) $200



PS39811.02


He bought a table for \(\frac{480}{1.6} = $ 300\)

He sold it for \(\frac{2385}{5.3}= \frac{23850}{53}= $ 450\)

--> Gross Profit: \(450 -300 = $ 150.\)

Answer (D).
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abannore
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Re: An American dealer bought a table in Germany for 480 marks and sold th [#permalink] New post  20 Apr 2020, 13:38
Answer: D

Cost price= 480 marks = $(480/1.6)=$300
Selling price= 2385 francs = $(2385/5.3)= $450

Profit= Selling price -Cost price = $450-$300= $150

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Re: An American dealer bought a table in Germany for 480 marks and sold th [#permalink] New post  23 Apr 2020, 06:06
Cost price= 480 marks = 480/1.6=$300
Selling price= 2385 francs = 23850/53=$450

Profit= Selling price -Cost price = $450-$300= $150

Answer: D
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Re: An American dealer bought a table in Germany for 480 marks and sold th [#permalink] New post  27 Apr 2020, 04:14
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gmatt1476 wrote:
Exchange Rates in a Particular Year
$1 = 5.3 francs
$1 = 1.6 marks

An American dealer bought a table in Germany for 480 marks and sold the same table in France for 2,385 francs. What was the dealer's gross profit on the two transactions in dollars?

(A) $0
(B) $50
(C) $100
(D) $150
(E) $200


480 marks is 480/1.6 = 300 dollars.

2,385 francs is 2,385/5.3 = 450 dollars.

So, the profit is 150 dollars.

Answer: D
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perfectreview
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Re: An American dealer bought a table in Germany for 480 marks and sold th [#permalink] New post  01 Jun 2020, 02:17
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1.6 marks = $1

Multiply by 300 on both the sides
=> (300)(1.6) marks = $(300)(1)
=> 480 marks = $300

5.3 francs = $1

Multiply by 450 on both the sides
=> (450)(5.3) francs = $(450)(1)
=> 2385 francs = $450

Profit = $450 - $300 = $150
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Re: An American dealer bought a table in Germany for 480 marks and sold th [#permalink] New post  01 Oct 2020, 07:26
400/16?
Ok, easy!
300

But 2385/5.3?
Ive used 2385/5=479

479-300=179
X<179
D
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Re: An American dealer bought a table in Germany for 480 marks and sold th [#permalink] New post  12 Feb 2021, 02:38
Top Contributor
SOLUTION:

A NEW OG 2021 QUESTION

The price of buying (C.P) in dollars = 480 / 1.6

=300$
(As $1 = 1.6 marks)

The price of selling the table (S.P) in dollars = 2385 / 5.3

=450$
(As $1 = 5.3 francs)

Hence Profit of the dealer = SP-CP

= 450-300 = 150$ (OPTION D)

Hope this helps :thumbsup:
Devmitra Sen(Math)
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Re: An American dealer bought a table in Germany for 480 marks and sold th [#permalink] New post  25 May 2021, 07:17
Expert Reply
gmatt1476 wrote:
Exchange Rates in a Particular Year
$1 = 5.3 francs
$1 = 1.6 marks

An American dealer bought a table in Germany for 480 marks and sold the same table in France for 2,385 francs. What was the dealer's gross profit on the two transactions in dollars?

(A) $0
(B) $50
(C) $100
(D) $150
(E) $200



PS39811.02


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Re: An American dealer bought a table in Germany for 480 marks and sold th [#permalink] New post  14 Aug 2022, 04:30
He bought a table for 480/1.6=$300

He sold it for 2385/5.3=$450

--> Gross Profit: 450−300=$150
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Re: An American dealer bought a table in Germany for 480 marks and sold th [#permalink]
14 Aug 2022, 04:30
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