January 19, 2019 January 19, 2019 07:00 AM PST 09:00 AM PST Aiming to score 760+? Attend this FREE session to learn how to Define your GMAT Strategy, Create your Study Plan and Master the Core Skills to excel on the GMAT. January 20, 2019 January 20, 2019 07:00 AM PST 07:00 AM PST Get personalized insights on how to achieve your Target Quant Score.
Author 
Message 
TAGS:

Hide Tags

Manager
Status: folding sleeves up
Joined: 26 Apr 2013
Posts: 132
Location: India
Concentration: Finance, Strategy
GMAT 1: 530 Q39 V23 GMAT 2: 560 Q42 V26
GPA: 3.5
WE: Consulting (Computer Hardware)

An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
09 Apr 2016, 02:55
Question Stats:
68% (02:37) correct 32% (02:48) wrong based on 912 sessions
HideShow timer Statistics
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%
Official Answer and Stats are available only to registered users. Register/ Login.




Math Expert
Joined: 02 Aug 2009
Posts: 7201

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
09 Apr 2016, 03:12
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
_________________
1) Absolute modulus : http://gmatclub.com/forum/absolutemodulusabetterunderstanding210849.html#p1622372 2)Combination of similar and dissimilar things : http://gmatclub.com/forum/topic215915.html 3) effects of arithmetic operations : https://gmatclub.com/forum/effectsofarithmeticoperationsonfractions269413.html
GMAT online Tutor




VP
Joined: 05 Mar 2015
Posts: 1003

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
18 Apr 2016, 10:36
zxcvbnmas wrote: rohit8865 wrote: How come R=125???Plzz... lets say, our original price is 100 and made 25% profit, this is equal to 125 we can also write this as 1.25 No boss u r not right... finally seller makes a 25 % profit(of what...it is the WP) means he gets Rs 75 (WP+25% of WP) now he gets 75 from where....after fixing some retail price and giving 40 % discount on that retail price. So 75=RP(140/100) this gives RP=125 so profit=7560=15 && RP=125 so ATQ.....(15/125)*100==12% As our Ans.




Manager
Status: folding sleeves up
Joined: 26 Apr 2013
Posts: 132
Location: India
Concentration: Finance, Strategy
GMAT 1: 530 Q39 V23 GMAT 2: 560 Q42 V26
GPA: 3.5
WE: Consulting (Computer Hardware)

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
09 Apr 2016, 03:16
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 Oh dear lord...save me from making these silly mistakes i was using 15/60 * 100 (i.e. 15/(WP)) Damn! Ravi



VP
Joined: 05 Mar 2015
Posts: 1003

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
09 Apr 2016, 10:45
email2vm 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 Oh dear lord...save me from making these silly mistakes i was using 15/60 * 100 (i.e. 15/(WP)) Damn! Ravi How come R=125???Plzz...



Manager
Joined: 06 Jun 2014
Posts: 90
Location: United States
Concentration: Finance, General Management
GPA: 3.47

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
09 Apr 2016, 12:05
rohit8865 wrote: How come R=125???Plzz... lets say, our original price is 100 and made 25% profit, this is equal to 125 we can also write this as 1.25
_________________
1) Kaplanprep 450 Q27 V21 2) Manhattan 530 Q35 V28 3) GmatPrep 450 Q33, V19 4) Veritas 460 Q31, V23 5) Veritas 440 Q 30, V21 6) Veritas 500 Q34, V 25 7) Gmat 420 Q27, V23 8) Veritas 520 Q36, V26 2/2 9) Veritas 540 Q37, V28 4/19 10)Manhattan 560 Q40, V28 4/28



VP
Joined: 05 Mar 2015
Posts: 1003

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
09 Apr 2016, 18:39
zxcvbnmas wrote: rohit8865 wrote: How come R=125???Plzz... lets say, our original price is 100 and made 25% profit, this is equal to 125 we can also write this as 1.25 not clear... Original cost price already given is Wholesale price=$60.... then there must be some SP which on still giving 40% discount yeilds a 25%profit for seller... Any explain plz.........



Intern
Joined: 25 May 2014
Posts: 46

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
17 Apr 2016, 22:41
rohit8865 wrote: zxcvbnmas wrote: rohit8865 wrote: How come R=125???Plzz... lets say, our original price is 100 and made 25% profit, this is equal to 125 we can also write this as 1.25 not clear... Original cost price already given is Wholesale price=$60.... then there must be some SP which on still giving 40% discount yeilds a 25%profit for seller... Any explain plz......... Whole sale price is the cost prise for the store and the original retail price is the MRP . 40% discount is done on the MRP to get the SP.
_________________
Never Try Quitting, Never Quit Trying



Senior Manager
Status: Always try to face your worst fear because nothing GOOD comes easy. You must be UNCOMFORTABLE to get to your COMFORT ZONE
Joined: 15 Aug 2014
Posts: 286
Concentration: Marketing, Technology
GMAT 1: 570 Q44 V25 GMAT 2: 600 Q48 V25
WE: Information Technology (Consulting)

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
20 Apr 2016, 08:19
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
_________________
"When you want to succeed as bad as you want to breathe, then you’ll be successful.”  Eric Thomas
I need to work on timing badly!!



VP
Joined: 05 Mar 2015
Posts: 1003

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
20 Apr 2016, 10:18
smartguy595 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 Does this makes any sense to you??... finally seller makes a 25 % profit(of what...it is the WP) means he gets Rs 75 (WP+25% of WP) now he gets 75 from where....after fixing some retail price and giving 40 % discount on that retail price. So 75=RP(140/100) this gives RP=125 so profit=7560=15 && RP=125 so ATQ.....(15/125)*100==12% As our Ans.



Intern
Joined: 07 Apr 2015
Posts: 10

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
17 May 2016, 14:25
Store makes 25% on WP so Store sold CD for $75 ($60*.25+$60). The question tells us that the store sold the CD 40% off its ORP so 75=.6(ORP)=125. From here we just need to answer the specific question of what percent of the ORP was the stores profit..hence 15=x/100(125)=12%



Current Student
Joined: 23 Feb 2015
Posts: 166

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
22 May 2016, 11:38
r = retail price
Wholesale Price = $60 Sold Price = .6r
store made 25% profit on the wholesale price = (1.25)(60) = 125 r = 125
Sold price = (.6)(125) = 75
Profit = Rev  Cost = 7560 = 15
Profit as a percent of retail price = \((15/125)*100 = 12\)



Senior Manager
Joined: 02 Mar 2012
Posts: 302

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
29 Jun 2016, 10:18
let me set up the equations again and bring the answer for u
BTW answer is 12%
cost price =$60 let actual retail price be R(the above price is not retail , its wholesale so don't confuse ) Retail price > Whole sale price(always)
so 40%discount on R =0.6R(selling price of th product )
so question says
selling price cost price=profit
0.6R 60=25% of 60(whole sale price as per question)=15
R=125
question asks ( profit/actual retail price ) *100
15/125 *100=12%



Senior Manager
Joined: 03 Apr 2013
Posts: 276
Location: India
Concentration: Marketing, Finance
GPA: 3

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
12 Jul 2016, 08:39
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'll talk in percentage terms and use the good ol' unitary method..
Let Wholesale Price be p and Retail Price be r..
\(125p = 60r\)
The profit is 25% of p. Thus, by using unitary method..
\(125p =60r\)
> \(25p = 60*\frac{25}{125}*r\)
>\(25p = 12r\)
Answer..12%(B)
_________________
Spread some love..Like = +1 Kudos



Intern
Joined: 18 Jan 2012
Posts: 37

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
14 Jul 2016, 14:03
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..



Intern
Joined: 13 Sep 2015
Posts: 20
Location: India
GPA: 3.2

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
15 Jul 2016, 02:26
answer should be A as it is >10 % and our answer has come 12%..option B is >12%



Math Expert
Joined: 02 Sep 2009
Posts: 52285

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
15 Jul 2016, 03:38



Intern
Joined: 11 Aug 2014
Posts: 9
Location: United States
Concentration: International Business, Entrepreneurship
GPA: 3.9

Re: An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
21 Jul 2016, 03:19
VeritasPrepKarishma / Bunuel / chetan2u Please explain how R=125 ? Thanks a lot !



Intern
Joined: 06 Jan 2015
Posts: 12

An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
22 Jul 2016, 03:02
Please explain how R=125 ?
Let me try to explain you as best as possible,
wholesale price of CD player 60$ Add:25 percent profit on the whole price = Selling Price of the Store = $60+ $15 (25% profit)= $75
Now it is given that the store sold at 40% discount of the original price. So let original Price be $100(assumption: because percent is involved). less= 40% discount = 10040%= $60 (selling price to the store)
When the selling price to the store is $60 then original price is 100. there fore when selling price to the store is $75, the original price is?
100*75 = $125 60
Now the profit is $15 and original price is $125. SO the percent profit of original price is $15*100 = 12% $125



Intern
Joined: 01 Jul 2014
Posts: 26
Location: India
GPA: 3.2

An electronics store purchased a CD player at a wholesale price of 60$
[#permalink]
Show Tags
07 Sep 2016, 13:39
Let original retail price = r, Given wholesale price = $60
r (original retail price) > (purchased at wholesale price) $60 > sold at 40% discount of original retail price i.e. (r*60/100)
Store made 25% profit on WHOLESALE price: ((selling price – wholesale price)/wholesale price) *100 = 25
=> ((0.6r60)/60)* 100 = 25 => r = 125
$125 (original) > $60 (wholesale) > $75 (selling price)
Store Profit = 7560 = $15 Profit as a percent of original retail price = (15/125)*100 = 12 %




An electronics store purchased a CD player at a wholesale price of 60$ &nbs
[#permalink]
07 Sep 2016, 13:39



Go to page
1 2
Next
[ 31 posts ]



