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PS - Word Translations

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Senior Manager
Senior Manager
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Joined: 30 Nov 2008
Posts: 485

Kudos [?]: 347 [0], given: 15

Schools: Fuqua
PS - Word Translations [#permalink]

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New post 18 Dec 2008, 12:25
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Jason Troy, the owner of Troy’s Toys, ordered a number of wind-up fish for the summer. He paid $3.50 for each one and hoped to sell them at a higher price to make a profit. Unfortunately, the wind-up fish weren’t selling as well as expected and Jason had 48 toys left over at the end of the summer. To sell the wind-up fish, Jason had to lower the price for his customers.

On Monday, Jason reduced the price to $5 and sold one-half of them.
On Tuesday, he marked down the remaining fish to $4 and again sold one-half of them.
On Wednesday, he reduced the price to $3 and sold one-third of the remaining fish.
Finally, he marked down the rest of the fish to $2 and sold them all.

How much money (profit) did Jason make on the 48 wind-up fish?

(A) 26
(B) 27
(C) 28
(D) 30
(E) 32

Kudos [?]: 347 [0], given: 15

Intern
Intern
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Joined: 01 Dec 2008
Posts: 27

Kudos [?]: [0], given: 1

Schools: Stern, Fuqua
Re: PS - Word Translations [#permalink]

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New post 18 Dec 2008, 13:25
24*5=120
12*4=48
4*5=12
8*2=16

tot income=196
tot spent=48*3.5=168
profit=196-168=28

Kudos [?]: [0], given: 1

Re: PS - Word Translations   [#permalink] 18 Dec 2008, 13:25
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PS - Word Translations

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