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Evans sold apples at 125% of the cost price.What is the profit percent

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Evans sold apples at 125% of the cost price.What is the profit percent [#permalink]

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New post 01 Sep 2017, 20:49
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A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

100% (00:34) correct 0% (00:00) wrong based on 16 sessions

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Evans sold apples at 125% of the cost price.What is the profit percent made by selling 100 apples?

A. 0%

B. 20%

C. 25%

D. 33.33%

E. 50 %
[Reveal] Spoiler: OA

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Re: Evans sold apples at 125% of the cost price.What is the profit percent [#permalink]

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New post 01 Sep 2017, 22:49
The best method is to assume that the cost price of the apples was 4$.
Since Evans sold the apples at 125%, he sold the apples at a price of \(\frac{125}{100}*4 = 5$\)

When Evans sells 100 apples, he makes a gross profit of 100$[SP(500$) - CP(400$)]

Profit percentage is \(\frac{100}{400} * 100 = 25\)%(Option C)
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Re: Evans sold apples at 125% of the cost price.What is the profit percent [#permalink]

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New post 01 Sep 2017, 23:04
Isn't this just 125 minus 100, 25%? Why all the calculation @pushpitkc

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Evans sold apples at 125% of the cost price.What is the profit percent [#permalink]

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New post 01 Sep 2017, 23:28
This does not require calculation. From stmnt we can know ans is 25%

To break it down
Given
SP = 125/100 CP
SP = CP + 25/100 CP
SP = CP + Profit

Profit % is independent of number of articles
Hence profit is 25%

Alternatively
Consider CP = 100
Therefore SP =125/100 *100 =125
Profit % = (125-100)/100 = 25

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Evans sold apples at 125% of the cost price.What is the profit percent [#permalink]

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New post 01 Sep 2017, 23:46
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vvijay26 wrote:
Isn't this just 125 minus 100, 25%? Why all the calculation pushpitkc

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I apologize for the lengthy calculations vvijay26 :-)
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Evans sold apples at 125% of the cost price.What is the profit percent   [#permalink] 01 Sep 2017, 23:46
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Evans sold apples at 125% of the cost price.What is the profit percent

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