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 Your Progress
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.
Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:
Register for the GMAT Club Virtual MBA Spotlight fair, the biggest MBA fair of the year. You will have a chance to hear Admissions directors from almost every Top 20 program speak, network with peers, and more.
oin us for an insightful conversation with Selena Salazar, a seasoned product manager who has successfully navigated her career through industry giants like Meta and Apple.
TTP has received over 700 reviews on GMAT Club! This incredible milestone is a testament to our dedication to helping students score high on the GMAT for over a decade.
Have you ever wondered how to score a PERFECT 805 on the GMAT Focus Edition? Meet Julia, a banking professional who used the Target Test Prep course to achieve this incredible feat. Julia's story is nothing short of an inspiration.
Students often dismiss common traps as silly mistakes, which can cost them 30-40 points on the GMAT. In this webinar, we’ll discuss the most frequent traps set by GMAT and the strategies needed to consistently avoid them.
In this webinar, Rajat Sadana, GMAT Club’s #1 rated expert will help you create a personalized study plan so that each one of you can visualize your journey to a top GMAT Focus Score.
Not only the typical inference questions but also all other CR questions on the GMAT require the ability to deduce from the given information. Come master how to draw inferences accurately and efficiently with Verbal Expert-Sunita Singhvi.
A dishonest dealer claims to sell a product at its cost pric
[#permalink]
01 Oct 2013, 01:39
2
Kudos
3
Bookmarks
Show timer
00:00
A
B
C
D
E
Difficulty:
95%
(hard)
Question Stats:
25%
(02:07)
correct
75%
(02:21)
wrong
based on 65
sessions
HideShow
DIFFICULTY AND TIMER STATISTICS
A dishonest dealer claims to sell a product at its cost price. He uses a counterfeit weight which is 20% less than the real weight. Further greed overtook him and he added 20% impurities to the product. Find the net profit percentage of the dealer?
Re: A dishonest dealer claims to sell a product at its cost pric
[#permalink]
03 Sep 2015, 03:02
1
Kudos
Hi,
Can someone please tell me how to arrive at the answer? I'm repeatedly getting 56.25.
My approach, Say the CP is C For 1kg. Now if he is using a tainted weight then the SP would be C for 0.8 kg. He again adds 20% impurities. So 20% if 0.8 = 0.16 kg. (0.8 - 0.16) = 0.64 kg which he sells for C. From this we can say the SP of 1kg as 100C/64 (SP-CP/CP) *100 we get 56.25 %
Would be great if you could tell me what is wrong with my method and solve it on similar terms.
Re: A dishonest dealer claims to sell a product at its cost pric
[#permalink]
03 Sep 2015, 11:02
2
Kudos
b2bt wrote:
A dishonest dealer claims to sell a product at its cost price. He uses a counterfeit weight which is 20% less than the real weight. Further greed overtook him and he added 20% impurities to the product. Find the net profit percentage of the dealer?
I feel the OA is incorrect I was getting 56.25% as both the profits should be successive (that's what I feel 25% profit by each cheating)
The dealer uses weight which is 20% less than the real weight. or (1- 1/5) or 4/5 of real weight. It means that he is selling $4 worth of product for $5.
The dealer then further added 20% impurities to the product. It means that he is selling $5 worth of product for $6.
So his profit is $6-$4 = $2 and his profit percent is (2/4)*100 = 50%
Answer:- C
This Question is Locked Due to Poor Quality
Hi there,
The question you've reached has been archived due to not meeting our community quality standards. No more replies are possible here.
Looking for better-quality questions? Check out the 'Similar Questions' block below
for a list of similar but high-quality questions.
Want to join other relevant Problem Solving discussions? Visit our Problem Solving (PS) Forum
for the most recent and top-quality discussions.
Thank you for understanding, and happy exploring!
gmatclubot
Re: A dishonest dealer claims to sell a product at its cost pric [#permalink]