GMAT Question of the Day: Daily via email | Daily via Instagram New to GMAT Club? Watch this Video

 It is currently 30 May 2020, 23:49

### 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

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

# If a store owner sold a designer dress for \$600, she would make a 20%

Author Message
TAGS:

### Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 64248
If a store owner sold a designer dress for \$600, she would make a 20%  [#permalink]

### Show Tags

11 Aug 2019, 04:50
00:00

Difficulty:

15% (low)

Question Stats:

93% (01:22) correct 7% (01:04) wrong based on 28 sessions

### HideShow timer Statistics

If a store owner sold a designer dress for \$600, she would make a 20% profit. Instead, she sold it for a 40% loss. At what price was the dress sold?

(A) \$300
(B) \$315
(C) \$372
(D) \$400
(E) \$440

_________________
Intern
Joined: 11 Jun 2019
Posts: 34
Location: India
Re: If a store owner sold a designer dress for \$600, she would make a 20%  [#permalink]

### Show Tags

11 Aug 2019, 04:55
(600/1.2) x 0.6 = 300. Hence (A)

Posted from my mobile device
ISB School Moderator
Joined: 08 Dec 2013
Posts: 776
Location: India
Concentration: Nonprofit, Sustainability
Schools: ISB
GMAT 1: 630 Q47 V30
WE: Operations (Non-Profit and Government)
Re: If a store owner sold a designer dress for \$600, she would make a 20%  [#permalink]

### Show Tags

11 Aug 2019, 04:56
Bunuel wrote:
If a store owner sold a designer dress for \$600, she would make a 20% profit. Instead, she sold it for a 40% loss. At what price was the dress sold?

(A) \$300
(B) \$315
(C) \$372
(D) \$400
(E) \$440

Let x be C.P.

Now,

600 = x * (120/100); we have to find what is => x * (60/100);

So x * (60/100) is half of x * (120/100)

Final S.P. is 300
CEO
Joined: 03 Jun 2019
Posts: 2910
Location: India
GMAT 1: 690 Q50 V34
WE: Engineering (Transportation)
Re: If a store owner sold a designer dress for \$600, she would make a 20%  [#permalink]

### Show Tags

11 Aug 2019, 06:58
Bunuel wrote:
If a store owner sold a designer dress for \$600, she would make a 20% profit. Instead, she sold it for a 40% loss. At what price was the dress sold?

(A) \$300
(B) \$315
(C) \$372
(D) \$400
(E) \$440

Given: If a store owner sold a designer dress for \$600, she would make a 20% profit. Instead, she sold it for a 40% loss.

Asked: At what price was the dress sold?

If a store owner sold a designer dress for \$600, she would make a 20% profit.
Cost price = \$600 / 1.2 = \$500

she sold it for a 40% loss.
Selling price = \$500 * (1-40%) = \$300

IMO A
_________________
Kinshook Chaturvedi
Email: kinshook.chaturvedi@gmail.com
GMAT Club Legend
Joined: 18 Aug 2017
Posts: 6287
Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
Re: If a store owner sold a designer dress for \$600, she would make a 20%  [#permalink]

### Show Tags

11 Aug 2019, 09:50
Bunuel wrote:
If a store owner sold a designer dress for \$600, she would make a 20% profit. Instead, she sold it for a 40% loss. At what price was the dress sold?

(A) \$300
(B) \$315
(C) \$372
(D) \$400
(E) \$440

first find CP ; 600/1.2 = 500\$
now dress is sold at loss of 40% ; 400*.6 ; 300\$
IMO A
Target Test Prep Representative
Status: Founder & CEO
Affiliations: Target Test Prep
Joined: 14 Oct 2015
Posts: 10602
Location: United States (CA)
Re: If a store owner sold a designer dress for \$600, she would make a 20%  [#permalink]

### Show Tags

14 Aug 2019, 16:39
Bunuel wrote:
If a store owner sold a designer dress for \$600, she would make a 20% profit. Instead, she sold it for a 40% loss. At what price was the dress sold?

(A) \$300
(B) \$315
(C) \$372
(D) \$400
(E) \$440

Letting C = the cost of the dress, we can create the equation:

600 - C = 0.2C

600 = 1.2C

500 = C

Let R = the price at which she sold the dress. Since it was sold at a 40% loss:

R - 500 = -0.4(500)

R - 500 = -200

R = 300

_________________

# Scott Woodbury-Stewart

Founder and CEO

Scott@TargetTestPrep.com
202 Reviews

5-star rated online GMAT quant
self study course

See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews

If you find one of my posts helpful, please take a moment to click on the "Kudos" button.

Re: If a store owner sold a designer dress for \$600, she would make a 20%   [#permalink] 14 Aug 2019, 16:39