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18 Jan 2016, 22:48
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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 [Reveal] Spoiler: OA Veritas Prep GMAT Instructor Joined: 16 Oct 2010 Posts: 7934 Location: Pune, India Re: Sales price is$65, what is the value of gross profit? [#permalink]

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18 Jan 2016, 23:03
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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) _________________ Karishma Veritas Prep | GMAT Instructor My Blog Get started with Veritas Prep GMAT On Demand for$199

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23 May 2017, 15:21
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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.
Re: Sales price is $65, what is the value of gross profit? [#permalink] 23 May 2017, 15:21 Display posts from previous: Sort by Sales price is$65, what is the value of gross profit?

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