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12 Aug 2019, 01:40
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B
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Difficulty:
15%
(low)
Question Stats:
81% (01:20) correct
19%
(01:37)
wrong
based on 62
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An artist bought 10 canvasses for a total cost of $80. If she lost two of the canvasses, at what price would she have to sell each of the remaining canvasses to earn a total profit of 25% of her total cost?
(A) $10.00
(B) $12.50
(C) $15.00
(D) $100.00
(E) $120.00
(A) $10.00
(B) $12.50
(C) $15.00
(D) $100.00
(E) $120.00
12 Aug 2019, 01:48
Kudos
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Bunuel
An artist bought 10 canvasses for a total cost of $80. If she lost two of the canvasses, at what price would she have to sell each of the remaining canvasses to earn a total profit of 25% of her total cost?
(A) $10.00
(B) $12.50
(C) $15.00
(D) $100.00
(E) $120.00
(A) $10.00
(B) $12.50
(C) $15.00
(D) $100.00
(E) $120.00
Given: An artist bought 10 canvasses for a total cost of $80. If she lost two of the canvasses.
Asked: At what price would she have to sell each of the remaining canvasses to earn a total profit of 25% of her total cost?
Total cost = $80 for 10 canvasses
Remaining canvasses = 10-2 = 8
Profit to be earned = 80*25% = 20
Selling price = 80+20 = $100 for 8 canvasses
Selling price / canvass = $100/8 = $12.5
IMO B
12 Aug 2019, 04:45
Kudos
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Bunuel
An artist bought 10 canvasses for a total cost of $80. If she lost two of the canvasses, at what price would she have to sell each of the remaining canvasses to earn a total profit of 25% of her total cost?
(A) $10.00
(B) $12.50
(C) $15.00
(D) $100.00
(E) $120.00
(A) $10.00
(B) $12.50
(C) $15.00
(D) $100.00
(E) $120.00
total cost 80$ per painting cost ; 8$
so lost she has 64$ worth left
25% of total cost profit ; 80*1.25 ; 100 $
price per painting ; 100/8 ; 12.5
IMO B
