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23 Apr 2019, 12:39
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Difficulty:
15%
(low)
Question Stats:
90% (02:10) correct
10%
(02:35)
wrong
based on 39
sessions
History
Date
Time
Result
Not Attempted Yet
Bridget bakes 48 loaves of bread for her bakery. She sells half of them in the morning for 2.50$ each. In the afternoon she sells two thirds of what she has left, and because they are not fresh, she charges only half price. In the late afternoon she sells the remaining loaves at a dollar each. Each loaf costs 0.75$ for her to make. In dollars, what is her profit for the day?
(A) 24
(B) 36
(C) 44
(D) 48
(E) 52
(A) 24
(B) 36
(C) 44
(D) 48
(E) 52
Archit3110
Major Poster
23 Apr 2019, 20:51
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Bunuel
given
24*2.5+16*2.5/2+ 8*1; 88
total cost of producing ; 48*.75 = 36
profit 88-36 ; 52
IMO E
saukrit
Joined: 05 Jul 2018
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Status:Current student at IIMB
Affiliations: IIM Bangalore
Location: India
Concentration: General Management, Technology
Schools: IIMB EPGP'22 (A)
GMAT 1: 600 Q47 V26
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WE:Information Technology (Consulting)
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23 Apr 2019, 21:34
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Total sales from Half of the loaves (24) sold at $2.5 each = $60
Total sales from 2/3 of remaining loaves (16) sold at $1.25 each= $20
Total sales from remaining loaves (8) at $1 each= $8
Total Sales from all 48 loaves= $60 + $20 + $8 = $88
Total Cost price of 48 loaves at $0.75= $36
Total Profit= $88-$36= $52
Total sales from 2/3 of remaining loaves (16) sold at $1.25 each= $20
Total sales from remaining loaves (8) at $1 each= $8
Total Sales from all 48 loaves= $60 + $20 + $8 = $88
Total Cost price of 48 loaves at $0.75= $36
Total Profit= $88-$36= $52
