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18 Jan 2016, 23:48
1
3
00:00

Difficulty:

25% (medium)

Question Stats:

79% (01:17) correct 21% (01:30) wrong based on 111 sessions

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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 Veritas Prep GMAT Instructor Joined: 16 Oct 2010 Posts: 8102 Location: Pune, India Re: Sales price is$65, what is the value of gross profit? [#permalink]

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19 Jan 2016, 00:03
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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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Re: Sales price is $65, what is the value of gross profit? [#permalink] ### Show Tags 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... Re: Sales price is$65, what is the value of gross profit?   [#permalink] 23 May 2017, 16:21
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