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Percentage and profit and loss question

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

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New post 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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Status: SC SC SC SC SC.... Concentrating on SC alone.
Joined: 20 Dec 2010
Posts: 235

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

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New post 16 Sep 2011, 01:26
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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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Kudo me if the post is worth it

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

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New post 16 Sep 2011, 02:20
Please provide the solution

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

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

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New post 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 [?]: 2004 [0], given: 376

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

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New post 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:
As ksp suggested, please post your PS question in PS sub-forum and please format your questions properly.


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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