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# Armani sells a pair of jeans at a 20% discount, but still

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Senior Manager
Joined: 11 May 2004
Posts: 453

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Location: New York
Armani sells a pair of jeans at a 20% discount, but still [#permalink]

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10 Dec 2005, 20:49
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

Armani sells a pair of jeans at a 20% discount, but still makes a gross profit of 20% of the cost. What percent of the cost would the gross profit on the item have been if it has been sold without the discount?

20%
40%
50%
60%
75%

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SVP
Joined: 05 Apr 2005
Posts: 1708

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10 Dec 2005, 21:04
=(100-200/3)/(200/3) = 50%

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Director
Joined: 21 Aug 2005
Posts: 786

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10 Dec 2005, 21:08
C 50%

Cost = x
Actual = nx
Discounted = 0.8nx
Given -> 0.8nx -x = 0.2x => n = 1.5
We need to find nx - x = 1.5x - x = 0.5 or 50%

Kudos [?]: 28 [0], given: 0

10 Dec 2005, 21:08
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