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CoffeeNCream
I think this is a high-quality question and I agree with explanation. I'm sorry Bunuel, I have read this question solution and the discussion probably 50 times.
I am missing something here.
I understand 0.1a - 0.1b = 1000, so a - b = 10000
What I'm struggling with is the "cost price"
5 percent of TOTAL SALES = 1000, thus TOTAL SALES = 20 000
So how are we getting cost price = 20 000?
I saw Bunuel's response to this twice but I'm still at a loss.
Sorry, and thank you.
The point is profit and loss are calculated from the cost price, not the sales price. So, a 5% profit of $1000 means we're looking at 5% of the cost price, not the sale price, leading to a total cost of $20,000. I am missing something here.
I understand 0.1a - 0.1b = 1000, so a - b = 10000
What I'm struggling with is the "cost price"
5 percent of TOTAL SALES = 1000, thus TOTAL SALES = 20 000
So how are we getting cost price = 20 000?
I saw Bunuel's response to this twice but I'm still at a loss.
Sorry, and thank you.
Updated on: 03 Jun 2024, 07:02
Originally posted by sahitiyalavarthi on 03 Jun 2024, 00:09.
Last edited by sahitiyalavarthi on 03 Jun 2024, 07:02, edited 1 time in total.
Last edited by sahitiyalavarthi on 03 Jun 2024, 07:02, edited 1 time in total.
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03 Jun 2024, 00:15
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sahitiyalavarthi
I think this is a poor-quality question. This question is from gmat club tests. On the gmat club page, Bunuel only agrees this question is worded wrong. Why are you guys taking so much money (99 dollars) and giving us all not old questions. Yesterday, I saw geometry question. These questions pool is not updated with gmat focus.
Where did I say that this question is "worded wrong"? The question was recently updated and its wording is fine!
Also, which geometry question did you encounter on the tests?
All quant questions were recently updated, and the tests do not contain any geometry questions.
