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

 It is currently 21 Oct 2019, 11:42 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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.  In a certain store, the profit is 320% of the cost. If the cost increa

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

Hide Tags

Manager  S
Joined: 18 Jul 2017
Posts: 57
In a certain store, the profit is 320% of the cost. If the cost increa  [#permalink]

Show Tags

1
2 00:00

Difficulty:   45% (medium)

Question Stats: 60% (02:36) correct 40% (02:21) wrong based on 20 sessions

HideShow timer Statistics

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

A. 30
B. 70
C. 100
D. 150
E. 250
Math Expert V
Joined: 02 Aug 2009
Posts: 8004
Re: In a certain store, the profit is 320% of the cost. If the cost increa  [#permalink]

Show Tags

wishalsp333 wrote:
In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

A.30
B.70
C.100
D.250
E.150

let CP be 100..
profit = 320 and SP = 100+320=420

If CP increases by 25%, CP becomes = 125
Profit = 420-125 = 295 Nearly 300
Profit as % of Sp = $$\frac{300}{420}*100=\frac{1000}{14}=71%$$
B 70%
_________________
Manager  B
Joined: 26 Sep 2017
Posts: 95
In a certain store, the profit is 320% of the cost. If the cost increa  [#permalink]

Show Tags

wishalsp333 wrote:
In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

A.30
B.70
C.100
D.250
E.150

Cp =100
Profit = 320% of 100 = 320
So
Sp = cp+profit= 420
Now cp = 100 + 25 = 125
Sp = 420
Now profit = 295
So % of selling price is profit =( 295/420)*100
=~ 70...
Non-Human User Joined: 09 Sep 2013
Posts: 13384
Re: In a certain store, the profit is 320% of the cost. If the cost increa  [#permalink]

Show Tags

Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________ Re: In a certain store, the profit is 320% of the cost. If the cost increa   [#permalink] 26 Apr 2019, 01:19
Display posts from previous: Sort by

In a certain store, the profit is 320% of the cost. If the cost increa

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

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