Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Jun 0408:30 AM PDT
-09:30 AM PDT
For most test takers, Data Insights is the most challenging section on the GMAT, with test takers scoring several points lower on average on DI than on Quant or Verbal and completing the section with less time to spare.
May 2910:00 AM IST
-11:00 PM IST
Start your journey with a fully customized action plan and work with a dedicated mentor to achieve a 735+ score.- Jun 03
08:30 AM PDT
-09:30 AM PDT
In Episode 7 of our GMAT Ninja CR series, we are rounding up the oddballs, the misfits, and the format-benders: EXCEPT, Fill-In-The-Blanks, and other unusual Critical Reasoning question types. When you see a question that ends with a literal blank line - Jun 10
06:00 AM PDT
-06:15 PM PDT
Register for the GMAT Club Virtual MBA Spotlight Fair – the world’s premier event for serious MBA candidates. This is your chance to hear directly from Admissions Directors at nearly every Top 30 MBA program..
07 Jun 2024, 11:55
Kudos
Bookmarks
A pawn shop purchased a bracelet for $120 and listed it for $210. However, the bracelet was sold at a discount of \(x\) percent off the listed price. If the shop made a profit of \(2x\) percent on the cost price, what is the value of \(x\)?
A. 15
B. 20
C. 25
D. 30
E. 40
A. 15
B. 20
C. 25
D. 30
E. 40
07 Jun 2024, 11:55
Kudos
Bookmarks
Official Solution:
A pawn shop purchased a bracelet for $120 and listed it for $210. However, the bracelet was sold at a discount of \(x\) percent off the listed price. If the shop made a profit of \(2x\) percent on the cost price, what is the value of \(x\)?
A. 15
B. 20
C. 25
D. 30
E. 40
Given that the bracelet was sold at a discount of \(x\) percent off the listed price, the actual selling price was \(210(1 - \frac{x}{100})\).
Given that the shop made a profit of \(2x\) percent on the cost price, the relationship can be represented as \(120(1 + \frac{2x}{100}) = 210(1 - \frac{x}{100})\):
\(4(\frac{100+2x}{100})=7(\frac{100 - x}{100})\)
\(4(100+2x)=7(100 - x)\)
\(400+8x=700 - 7x\)
\(15x=300\)
\(x=20\)
Answer: B
A pawn shop purchased a bracelet for $120 and listed it for $210. However, the bracelet was sold at a discount of \(x\) percent off the listed price. If the shop made a profit of \(2x\) percent on the cost price, what is the value of \(x\)?
A. 15
B. 20
C. 25
D. 30
E. 40
Given that the bracelet was sold at a discount of \(x\) percent off the listed price, the actual selling price was \(210(1 - \frac{x}{100})\).
Given that the shop made a profit of \(2x\) percent on the cost price, the relationship can be represented as \(120(1 + \frac{2x}{100}) = 210(1 - \frac{x}{100})\):
\(4(\frac{100+2x}{100})=7(\frac{100 - x}{100})\)
\(4(100+2x)=7(100 - x)\)
\(400+8x=700 - 7x\)
\(15x=300\)
\(x=20\)
Answer: B
