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Mugdho
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If 16 dollar of the cost price is equal to 20 dollar of the 06 Mar 2022, 09:02
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55% (hard)

Question Stats:

58% (00:49) correct 42% (01:15) wrong based on 12 sessions

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If 16 dollar of the cost price is equal to 20 dollar of the selling price, then what is the loss/profit percentage?

a)20%
b)25%
c)30%
d)15%

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Mugdho
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If 16 dollar of the cost price is equal to 20 dollar of the 07 Mar 2022, 10:48
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KarishmaB
chetan2u

if u have time, take a look plz

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If 16 dollar of the cost price is equal to 20 dollar of the 07 Mar 2022, 19:39
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Mugdho
If 16 dollar of the cost price is equal to 20 dollar of the selling price, then what is the loss/profit percentage?

a)20%
b)25%
c)30%
d)15%

Posted from my mobile device

The wording of the question is unclear Mugdho
I suggest you to ignore this source for GMAT.
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If 16 dollar of the cost price is equal to 20 dollar of the 07 Mar 2022, 19:59
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Mugdho
If 16 dollar of the cost price is equal to 20 dollar of the selling price, then what is the loss/profit percentage?

a)20%
b)25%
c)30%
d)15%

Posted from my mobile device


Hi,

As Karishma too has written, it is not framed in best of the way.

But if I had to answer it.
It should mean that value of 16 dollars while buying is equal to 20 dollars while selling.

Thus, if I had 80 dollars, I would purchase 80/16 or 5 items but sell 80/20 or 4 items.

Profit of 1 item over 5 items. => profit % = 100*1/5 = 20%.

However, better avoided.

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