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If a merchant estimates his profits at 20% of the selling

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Manager
Joined: 28 Jun 2004
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If a merchant estimates his profits at 20% of the selling [#permalink]

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23 Aug 2004, 17:35
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

If a merchant estimates his profits at 20% of the selling price, what is his real profit percent?
Joined: 31 Dec 1969
Location: Russian Federation
GMAT 3: 740 Q40 V50
GMAT 4: 700 Q48 V38
GMAT 5: 710 Q45 V41
GMAT 6: 680 Q47 V36
GMAT 9: 740 Q49 V42
GMAT 11: 500 Q47 V33
GMAT 14: 760 Q49 V44
WE: Supply Chain Management (Energy and Utilities)
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Kudos [?]: 233 [0], given: 104601

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23 Aug 2004, 18:07
let SP = 100
then, CP = 80

=> Actual profit = (20/80)*100 = 25%
Director
Joined: 16 Jun 2004
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23 Aug 2004, 18:28
the guest was me....sorry i forget to login always..
23 Aug 2004, 18:28
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