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Sales price is $65, what is the value of gross profit?

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Intern
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Joined: 29 Nov 2015
Posts: 11
Sales price is $65, what is the value of gross profit?  [#permalink]

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New post 18 Jan 2016, 23:48
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Sales price is $65, gross profit is 150% of cost, what is the value of gross profit?

A. 32
B. 33
C. 39
D. 40
E. 42
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Joined: 16 Oct 2010
Posts: 8397
Location: Pune, India
Re: Sales price is $65, what is the value of gross profit?  [#permalink]

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New post 19 Jan 2016, 00:03
1
2
fattty wrote:
Sales price is $65, gross profit is 150% of cost, what is the value of gross profit?

A. 32
B. 33
C. 39
D. 40
E. 42


Cost + Profit = Sales

Cost + (150/100)Cost = 65

Cost = 26

Profit = 65 - 26 = 39

Answer (C)
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Joined: 04 Dec 2015
Posts: 701
Location: India
Concentration: Technology, Strategy
Schools: ISB '19, IIMA , IIMB, XLRI
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Re: Sales price is $65, what is the value of gross profit?  [#permalink]

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New post 23 May 2017, 16:21
1
fattty wrote:
Sales price is $65, gross profit is 150% of cost, what is the value of gross profit?

A. 32
B. 33
C. 39
D. 40
E. 42


Given; Gross profit is 150% of cost price.

Profit = Selling price - Cost price.

Selling price = $65

Let the Cost price be X.

150% of X = 65 - X

\(\frac{150}{100}\) * X = 65 - X

1.5X = 65 - X

2.5X =65

X = $26

Gross profit = 150% of 26 = 150/100 x 26 = $39.
Answer C...
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Re: Sales price is $65, what is the value of gross profit? &nbs [#permalink] 23 May 2017, 16:21
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Sales price is $65, what is the value of gross profit?

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