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Merchant Makes A Profit of 20% on Selling Price

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Intern
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Joined: 12 Jun 2010
Posts: 41
Merchant Makes A Profit of 20% on Selling Price  [#permalink]

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New post 10 Jul 2010, 21:28
1
4
00:00
A
B
C
D
E

Difficulty:

  45% (medium)

Question Stats:

61% (01:15) correct 39% (01:18) wrong based on 122 sessions

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If a merchant makes a profit of 20% based on the selling price of an article, what percent does the merchant makes on the cost?

A-20
B-40
C-25
D-None of These
Manager
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Joined: 06 Oct 2009
Posts: 57
Re: Merchant Makes A Profit of 20% on Selling Price  [#permalink]

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New post 10 Jul 2010, 23:30
1
Let x is the cost and y is the selling price

So if y=100, x=80
so (20/80)*100=25%

Ans C
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Intern
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Re: Merchant Makes A Profit of 20% on Selling Price  [#permalink]

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New post 11 Jul 2010, 02:43
thanks for your support
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Re: Merchant Makes A Profit of 20% on Selling Price  [#permalink]

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New post 16 Jul 2010, 01:48
1
Let say Selling price will be Rs100,

20% profit means Cost price will be Rs80 and Rs20 is profit

now we have to find what percent of 80 will be 20 : X% * 80 = 20

X will be 25%
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Re: Merchant Makes A Profit of 20% on Selling Price  [#permalink]

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New post 01 Apr 2018, 10:48
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).

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Re: Merchant Makes A Profit of 20% on Selling Price &nbs [#permalink] 01 Apr 2018, 10:48
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