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An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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09 Apr 2016, 03:55
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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%
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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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09 Apr 2016, 04:12
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
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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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18 Apr 2016, 11:36
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.




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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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09 Apr 2016, 04:16
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



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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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09 Apr 2016, 11:45
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...



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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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09 Apr 2016, 13:05
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
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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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09 Apr 2016, 19:39
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.........



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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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17 Apr 2016, 23:41
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=$60.... then there must be some SP which on still giving 40% discount yeilds a 25%profit for seller... Any explain plz......... Whole sale price is the cost prise for the store and the original retail price is the MRP . 40% discount is done on the MRP to get the SP.
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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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20 Apr 2016, 09:19
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
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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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20 Apr 2016, 11:18
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.



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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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17 May 2016, 15:25
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%



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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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22 May 2016, 12:38
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 = \((15/125)*100 = 12\)



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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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29 Jun 2016, 11:18
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%



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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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12 Jul 2016, 09:39
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)
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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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14 Jul 2016, 15:03
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..



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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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15 Jul 2016, 03:26
answer should be A as it is >10 % and our answer has come 12%..option B is >12%



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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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15 Jul 2016, 04:38



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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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21 Jul 2016, 04:19
VeritasPrepKarishma / Bunuel / chetan2u Please explain how R=125 ? Thanks a lot !



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An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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22 Jul 2016, 04:02
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



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An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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07 Sep 2016, 14:39
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 %




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