GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 21 Jan 2019, 08:07

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in January
PrevNext
SuMoTuWeThFrSa
303112345
6789101112
13141516171819
20212223242526
272829303112
Open Detailed Calendar
  • GMAT Club Tests are Free & Open for Martin Luther King Jr.'s Birthday!

     January 21, 2019

     January 21, 2019

     10:00 PM PST

     11:00 PM PST

    Mark your calendars - All GMAT Club Tests are free and open January 21st for celebrate Martin Luther King Jr.'s Birthday.
  • The winners of the GMAT game show

     January 22, 2019

     January 22, 2019

     10:00 PM PST

     11:00 PM PST

    In case you didn’t notice, we recently held the 1st ever GMAT game show and it was awesome! See who won a full GMAT course, and register to the next one.

If a dealer had sold a stereo for $600, he would have made a 20 percen

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

 
SVP
SVP
User avatar
V
Status: Preparing GMAT
Joined: 02 Nov 2016
Posts: 2035
Location: Pakistan
GPA: 3.39
Premium Member CAT Tests
If a dealer had sold a stereo for $600, he would have made a 20 percen  [#permalink]

Show Tags

New post 05 Jan 2019, 09:42
2
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

92% (01:07) correct 8% (01:43) wrong based on 37 sessions

HideShow timer Statistics

If a dealer had sold a stereo for $600, he would have made a 20 percent profit. Instead, the dealer sold it for a 40 percent loss. At what price ($) was the stereo sold?

A. 300
B. 315
C. 372
D. 400
E. 440

Source: Kaplan GMAT Math Workbook - Sixth Edition
Page# 302

_________________

Final days of the GMAT Exam? => All GMAT Flashcards.
This Post Helps = Press +1 Kudos
Best of Luck on the GMAT!!

Manager
Manager
avatar
B
Joined: 01 May 2017
Posts: 69
Location: India
CAT Tests
Re: If a dealer had sold a stereo for $600, he would have made a 20 percen  [#permalink]

Show Tags

New post 05 Jan 2019, 17:41
1
If a dealer had sold a stereo for $600, he would have made a 20 percent profit. Instead, the dealer sold it for a 40 percent loss. At what price ($) was the stereo sold?

Selling Price = $600
Cost price = (100/(Profit % + 100))*Selling price
CP = (100/120)*600
CP = 500$

Sold it at 40% loss
SP = ((100-loss%)/100)*CP
SP = (60/100)*500$
SP = 300$

Option A is correct
GMAT Club Bot
Re: If a dealer had sold a stereo for $600, he would have made a 20 percen &nbs [#permalink] 05 Jan 2019, 17:41
Display posts from previous: Sort by

If a dealer had sold a stereo for $600, he would have made a 20 percen

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.