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Re: An electronics store purchased a CD player at a wholesale price of 60$
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07 Sep 2016, 18:30
sairam595 wrote: chetan2u wrote: email2vm wrote: An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the whole price of the CD player, what was the stores profit as a percent of the original retail price?
A> 10% B> 12% C> 15% D> 18% E> 20%
Need help with this questions Hi, here we just have to be careful what should be the BASE on which profit is being calculated..WP = 60 ORP = R Selling Price =S= 0.6R% profit on \(WP = 25% = \frac{(0.6R60)}{60} *100\) R = 125.. Profit = 0.6R60 = 7560=15..Profit as a percent of the original retail price =\(\frac{15}{R}*100 = \frac{15}{125}*100 =12\) B Dear chetan2u / BunuelCan you please explain how you derive R=125 % of profit on WP = 25% (0.6R  60)/60 = 25/100 => R = 300/2.4 => R = 125. Hope it's clear now.



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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06 Jan 2017, 03:25
email2vm wrote: An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the whole price of the CD player, what was the stores profit as a percent of the original retail price?
A. 10% B. 12% C. 15% D. 18% E. 20% Let Wholsale Price = WP Retail Price = R Profit percent on WP = 25% Selling price = 60% of R The equation become 60% Of R = 125% of WP = 125% of 60 i.e. R = 125*60*100/60*100= 125 Therefore R = 125 Profit= 7560 =15 Profit percent at Retail Price = 15*100/125 = 12



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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05 Mar 2017, 16:28
I did this one a bit differently, using the Profit = Revenue  Cost formula.
"The store made a 25% profit on the wholesale price of the CD"
\(Profit = \frac{1}{4} * Wholesale Price\)
Profit = 15
Now, the only cost given is the wholesale price of $60, so using the P = R  C formula above gives:
Profit = Revenue  Cost $15 = Revenue  $60 Revenue = $75
The crux of the problem comes in recognizing that the revenue, $75, is the selling price, which is a 40% discount from the original retail price. Translating this gives:
75 = 60% * OriginalPrice
\(OriginalPrice = \frac{75*5}{3}\) \(OriginalPrice = 25 * 5\) \(OriginalPrice = 125\)
Finally, the question asks us to find the store's profit as a percent of the original price. This can be translated as:
\(\frac{x}{100}\)= \(\frac{Profit}{OriginalPrice}\) \(\frac{x}{100}\) = \(\frac{15}{125}\) \(\frac{x}{100}\) = \(\frac{3}{25}\) < (multiply numerator and denominator by 4) \(\frac{x}{100} = \frac{12}{100}\)
x = 12
Ans B



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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12 Mar 2017, 11:01
here we need: profit/original price profit= 0,6R60 original price R (0,6R60)/60=1/4 0,6R60=15 Original pric: R=75*5/3 15/125=12



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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08 Dec 2017, 12:11
email2vm wrote: An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the whole price of the CD player, what was the stores profit as a percent of the original retail price?
A. 10% B. 12% C. 15% D. 18% E. 20% We are given that the cost of the CD player was 60 dollars and that the store sold it at a 40 percent discount off the original retail price. If we let x = the original retail price, then the store sold the CD player for 0.6x dollars. Since the store made a 25% profit on the wholesale price, it made 0.25(60) = 15 dollars of profit. Since revenue  cost = profit, we can create the following equation: 0.6x  60 = 0.25(60) 0.6x  60 = 15 0.6x = 75 x = 125 So the profit as a percent of the original retail price is: 15/125 x 100 = 0.12 x 100 = 12 percent. Answer: B
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Re: An electronics store purchased a CD player at a wholesale price of 60$
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24 Dec 2017, 08:57
Language is tricky, even although I am a licensed US CPA and have had over 15 years of experience in audit and finance, I got confused and made a mistake...Otherwise, of course, it is an easy problem.



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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24 Dec 2017, 20:13
email2vm wrote: An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the whole price of the CD player, what was the stores profit as a percent of the original retail price?
A. 10% B. 12% C. 15% D. 18% E. 20% Isn't it supposed to be "Wholesale" price? This question took me a ton of time because I couldn't figure out what "Whole price" was supposed to be.



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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21 Jan 2018, 12:40
Hi All, Since the answer choices in this question are relatively close together, you have to be careful about the math 'work' that you do  and make sure that you label all of your work so that you don't get lost in all of the details in this prompt... We're told that a CD player had a wholesale price of $60 and that it was sold at 40% off the RETAIL PRICE... Retail Price = X Wholesale Price = 60 Actual Sell Price = X  .4X = .6X The store made a 25% profit on the WHOLESALE price, so... Actual Sell Price = 60 + .25(60) = 60 + 15 = 75 .6X = 75 X = 75/.6 = 750/6 = 125 So.... Retail Price = $125 Wholesale Price = $60 Actual Sell Price = $75 Profit = $15 We're asked for the PROFIT as a percent of the RETAIL PRICE... (15)/(125) = 3/25 = 12% Final Answer: GMAT assassins aren't born, they're made, Rich
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Re: An electronics store purchased a CD player at a wholesale price of 60$
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15 Feb 2018, 08:44
Suppose retail price = x Sale price = 0.6 x (because of 40 percent discount off the original retail price) Profit = 0.6 x  60
Profit = 25%
So, (0.6 x  60)/60 = 25/100 Solving, x = 125
So, Profit = 0.6 x  60 = 15
profit as a percent of the original retail price = 15/125 = 12%



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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23 Jul 2018, 22:41
mitko20m wrote: Confusing.. Please spell out your explanation and write out full solutions. Thanks a lot!
Specific question: how did you get to R=125. did you assume r=100? % profit on WP=25WP=25 R = 125.. We don't need to assume anything 1) Wholesale Price = $60 2) The store made a 25% profit on the wholesale price, which means, that the store sold the CD player at a cost $60 + 0.25*60 = $75 3) We know that the store sold the CD player at a 40 percent discount of original retail price AND, at the same time, made 25% profit on the wholesale price (above). Let's denote X as our original retail price. Thus, we can easily draw an equation: $75 = (10.4)*X $75 = 0.6X X = $75:0.6 = $125 The questions asks: what was the store’s profit as a percent of the original retail price? The store's profit is 25% of the wholesale price (point 2), which equals 25% of $60 = $15. And we found original retail price ($125). Our answer is $15/$125 = 3/25 = 12%. Hope it is clear



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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24 Jul 2018, 02:43
email2vm wrote: An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the whole price of the CD player, what was the stores profit as a percent of the original retail price?
A. 10% B. 12% C. 15% D. 18% E. 20% wp(whole sale price) = $60 >RP(Retail Price)=R40% discount>0.6R=SP(Selling price) ATQ !! He made 25% profit on WP which means SP = 60+60/4=75=0.6R so, R=125 profit on WP = 7560=15 profit on R = 15/125 profit % = 15*100/125=12



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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30 Jan 2019, 04:11
Solution:Given: The wholesale price of a CD player = 60$. Let the original retail price = ‘x’ $ Discount on the original retail prize = 40% of x = 0.4x Selling price of the CD player = (x – 0.4x) = 0.6x Since the store made 25% profit on the whole sale price of the CD player = 25% of 60 = 15$. We can write the equation as: \(0.6x60=15\) \(0.6x=75\) \(x=125\) Therefore, the original retail prize, ‘x’ = 125 $ So, the store's profit as a percent of the original retail price = \(\frac{15}{125} × 100\) = 12 percent. The correct answer option is “B”.
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Re: An electronics store purchased a CD player at a wholesale price of 60$
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30 Jan 2019, 05:06
chetan2u wrote: email2vm wrote: An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the whole price of the CD player, what was the stores profit as a percent of the original retail price?
A> 10% B> 12% C> 15% D> 18% E> 20%
Need help with this questions Hi, here we just have to be careful what should be the BASE on which profit is being calculated..WP = 60 ORP = R Selling Price =S= 0.6R% profit on \(WP = 25% = \frac{(0.6R60)}{60} *100\) R = 125.. Profit = 0.6R60 = 7560=15..Profit as a percent of the original retail price =\(\frac{15}{R}*100 = \frac{15}{125}*100 =12\) B Hi  where did you get the % profit on \(WP = 25% = \frac{(0.6R60)}{60} *100\) R = 125. from?



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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23 Apr 2019, 06:47
WP = 60 **at a wholesale price of 60$** ORP = R Selling Price = S = 0.6R **sold it at a 40 percent discount off the original retail price.**
Profit Formula = S  WP = 0.6R60 = (1/4)*60 **store made a 25 percent profit on the whole price** 0.6R60=(1/4)*60 0.6R60=15 0.6R=15+60 0.6R=75 (3/5)*R=75 R=75*5/3 R=$125
What is profit as a percent of the original retail price or P/R? As shown above, P = $15, hence, P/R=15/125=0.12 or 12%.
Hope that helps.



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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18 Nov 2019, 06:02
email2vm wrote: An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the whole price of the CD player, what was the stores profit as a percent of the original retail price?
BunuelPlease correct "whole" to "wholesale" and "stores" to " store's " (As per GMATprep 6) Thanks,



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Re: An electronics store purchased a CD player at a wholesale price of 60$
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18 Nov 2019, 08:55
deepudalan wrote: email2vm wrote: An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the whole price of the CD player, what was the stores profit as a percent of the original retail price?
BunuelPlease correct "whole" to "wholesale" and "stores" to " store's " (As per GMATprep 6) Thanks, ______________ Done. Thank you.
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Re: An electronics store purchased a CD player at a wholesale price of 60$
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30 Jan 2020, 21:12
Here are my two cents for this question: Method 1: Ratio Method Lets See the ratio between CP: SP if we say CP =100 the we can tell that SP =125 and ratio of CP:SP = 4:5 Lets See the ratio between MP: SP If we say MP =100 the SP = 60 Ratio of MP:SP= 5:3 we have two ratios CP: SP and MP:SP or we can Say CP: SP and SP: MP CP: SP= 4:5 and SP: MP= 3:5 To find ratio of CP:SP: MP we see its 12:15: 25 Profit (1512)= 3 Profit % over MP =\(\frac{3}{25}*100\) = 12% Method 2: Percent Scale Method CPMPSP  x10060 If MP =100 then after discount of 40% on MP , the SP will be 60 and we are told that 60= 125% of CP this mean CP =x: x= 60 *\(\frac{100}{125}\) =48 CPMPSP 4810060 Profit is 6048= 12 We have profit over MP = \(\frac{12}{100}*100\) = 12% Hope this helps
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Re: An electronics store purchased a CD player at a wholesale price of 60$
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31 Jan 2020, 01:53
Here, Cost price (CP) = whole sale price =60 We do not know the original retail price. Let Original Retail Price (ORP) = R Selling price (SP) = 60% of R = .6R Profit = 25% on whole sale price = .25 *60 = ¼*60 = 15
SP – CP = profit .6R – 60 = 15 .6R = 75 R =75/.6 = 125
The store's profit as a percent of the original retail price = (15/125) * 100 = 12%(B)




Re: An electronics store purchased a CD player at a wholesale price of 60$
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