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Preparing for the GMAT? Avoid these 5 major mistakes that can lower your score and hurt your MBA dreams. In this expert panel discussion, 4 top GMAT coaches - GMAT Ninja, Jeff Miller from TTP, Rida Shafiq from eGMAT, and Chris Gentry from Manhattan Prep- Mar 27
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We know Strengthen and Weaken questions account for more than 50% of the CR questions on the GMAT. With CR becoming even more important on GMAT Focus, it's time you strengthen your weaknesses with an approach that improves your solving time and accuracy!
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Full-length FE mock with insightful analytics, weakness diagnosis, and video explanations!
15 Feb 2024, 11:51
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Illusion2919
If 5 integers are to be selected at random and without replacement from the list consisting of the 20 integers from 1 to 20, inclusive, what is the probability that 2 of the 5 selected integers will be 10 and 20 ? A. 2/5 B. 1/4 C. 1/10 D. 1/19 E. 1/60
Number of arrangement = 5!/3!=20. P("10" and "20")=(1/20)(1/19)(18/18)(17/17)(16/16). Number of arrangement* P("10" and "20")= 20*(1/20)(1/19)= 1/19. Answer is D.After selecting 10 and 20, other numbers can be randomly selected. Therefore, the probability of selecting 3 other numbers is 1.
15 Feb 2024, 18:39
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Hi, guys, could you please help me to map out the picture for the question below:
A store bought a product with a recommended retail price of $150. The store sold the product at a 40% discount from the recommended retail price and made a 150% profit on its wholesale cost. What was the store’s profit as a percentage of the recommended retail price ?
A. 10%
B. 24%
C. 36%
D. 40%
E. 60%
So my question says, that store A was selling to store B some product at 150$ price each, which original price was 90$? And since cost of the product didn’t change, percentage of profit changed from 90/56*100 to 150/56*100, am I wrong here?
A store bought a product with a recommended retail price of $150. The store sold the product at a 40% discount from the recommended retail price and made a 150% profit on its wholesale cost. What was the store’s profit as a percentage of the recommended retail price ?
A. 10%
B. 24%
C. 36%
D. 40%
E. 60%
So my question says, that store A was selling to store B some product at 150$ price each, which original price was 90$? And since cost of the product didn’t change, percentage of profit changed from 90/56*100 to 150/56*100, am I wrong here?
15 Feb 2024, 18:51
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Bookmarks
tempest9
Hi, guys, could you please help me to map out the picture for the question below: A store bought a product with a recommended retail price of $150. The store sold the product at a 40% discount from the recommended retail price and made a 150% profit on its wholesale cost. What was the store’s profit as a percentage of the recommended retail price ? A. 10% B. 24% C. 36% D. 40% E. 60% So my question says, that store A was selling to store B some product at 150$ price each, which original price was 90$? And since cost of the product didn’t change, percentage of profit changed from 90/56*100 to 150/56*100, am I wrong here?
Store B(according to you) is the end consumer to whom the store is selling the product.The retail price was 150$ and store A sold at a discount of 40% on the retail price of 150$ which is = 90$.
Now the cost price for store A was something different which we need to calculate in order to determine the profit made by store A
Profit % on its wholesale cost is given so (SP-WC)/WC =1.5
WC(wholesale cost) = 36
So profit made by store A is (SP-WC) = (90-36)=54
so profit as a % of the retail price =(54/150)*100
