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# Percentage and profit and loss question

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Intern
Joined: 14 Jun 2011
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Location: India
Percentage and profit and loss question [#permalink]

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16 Sep 2011, 00:58
A product costs a company Rs 64 to manufacture, and it sold the product to a dealer for Rs 80, who in turn sold it to a shopkeeper for Rs 98, who sold to a customer for Rs 120.

1. What is the company's profit percentage?
a) 25%
b) 87.5%
c) 50%
d) None of these

2. In the Previous question who got the highest profit by selling the Product?
a) Dealer
b) Shopkeeper
c) Company
d) all of three got the same profit

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Manager
Status: SC SC SC SC SC.... Concentrating on SC alone.
Joined: 20 Dec 2010
Posts: 234

Kudos [?]: 63 [2], given: 47

Location: India
Concentration: General Management
GMAT Date: 12-30-2011
Re: Percentage and profit and loss question [#permalink]

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16 Sep 2011, 01:26
2
KUDOS
1) a. 25%

2) Company.

Others get a profit of around 22%

Hey do not post qstns in this forum. Use the sub forum.
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D- Day December 30 2011. Hoping for the happiest new year celebrations !

Aiming for 700+

Kudo me if the post is worth it

Kudos [?]: 63 [2], given: 47

Intern
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Re: Percentage and profit and loss question [#permalink]

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16 Sep 2011, 02:20

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Intern
Joined: 17 Aug 2011
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Re: Percentage and profit and loss question [#permalink]

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17 Sep 2011, 18:36
pritampal wrote:
A product costs a company Rs 64 to manufacture, and it sold the product to a dealer for Rs 80, who in turn sold it to a shopkeeper for Rs 98, who sold to a customer for Rs 120.find the company's profit percentage

a)25% b)87.5%
c) 50% d)None of these

In the Previous question who got the highest profit by selling the Product?
a)Dealer b)Shopkeeper
c)Company d)all of three got the same profit

Company's profit percentage = (80-64)/64 = 25%

Same calculation for profit of others ==> Company got the highest profit

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Math Forum Moderator
Joined: 20 Dec 2010
Posts: 1965

Kudos [?]: 2097 [0], given: 376

Re: Percentage and profit and loss question [#permalink]

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18 Sep 2011, 06:19
pritampal wrote:
A product costs a company Rs 64 to manufacture, and it sold the product to a dealer for Rs 80, who in turn sold it to a shopkeeper for Rs 98, who sold to a customer for Rs 120.

2. In the Previous question who got the highest profit by selling the Product?
a) Dealer
b) Shopkeeper
c) Company
d) all of three got the same profit

Answer to 2 should be "B" because profit, not profit percent, is asked.

Company's profit= 80-64=16
Dealers's profit= 98-80=18
Shopkeeper's profit= 120-98=22

22>18>16

Ans: "B"
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Kudos [?]: 2097 [0], given: 376

Math Forum Moderator
Joined: 20 Dec 2010
Posts: 1965

Kudos [?]: 2097 [0], given: 376

Re: Percentage and profit and loss question [#permalink]

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18 Sep 2011, 06:24
pritampal wrote:
A product costs a company Rs 64 to manufacture, and it sold the product to a dealer for Rs 80, who in turn sold it to a shopkeeper for Rs 98, who sold to a customer for Rs 120.

1. What is the company's profit percentage?
a) 25%
b) 87.5%
c) 50%
d) None of these

2. In the Previous question who got the highest profit by selling the Product?
a) Dealer
b) Shopkeeper
c) Company
d) all of three got the same profit

pritampal:

List of forums below. Please subscribe to each of these forums separately.

 ! Please post PS questions in the PS sub-forum: gmat-problem-solving-ps-140/Please post DS questions in the DS sub-forum: gmat-data-sufficiency-ds-141/No posting of PS/DS questions is allowed in the main Math forum.[/textarea][warning]Critical Reasoning(CR): gmat-critical-reasoning-cr-139/Reading Comprehension(RC): gmat-reading-comprehension-rc-137/Sentence Correction(SC): gmat-sentence-correction-sc-138/Analytical Writing And Assessment: analytical-writing-assessment-awa-144/Please DO NOT post any question in main Verbal forum:verbal-gmat-questions-11/

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Re: Percentage and profit and loss question   [#permalink] 18 Sep 2011, 06:24
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