Last visit was: 14 Dec 2024, 07:44 It is currently 14 Dec 2024, 07:44
Home
GMAT
Messages
Tests
Schools
Reviews
Social
Chat
My Profile
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
Back to Forum
Create Topic
User avatar
EgmatQuantExpert
User avatar
e-GMAT Representative
Joined: 04 Jan 2015
Last visit: 02 Apr 2024
Posts: 3,696
Own Kudos:
18,304
 []
Given Kudos: 165
Expert reply
Posts: 3,696
Kudos: 18,304
 []
The marked price of a laptop is 40% higher than the cost 30 Jul 2017, 13:41
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide
Show
History
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!

Difficulty:

5% (low)

Question Stats:

89% (01:07) correct 11% (01:19) wrong based on 113 sessions

History

Date
Time
Result
Not Attempted Yet
Q.
The marked price of a laptop is 40% higher than the cost price. If it is sold after applying a discount of 20% on the marked price, what is the profit % after selling the laptop?

    A. 6%
    B. 12 %
    C. 18 %
    D. 20 %
    E. Cannot be determined


Thanks,
Saquib
Quant Expert
e-GMAT

Register for our Free Session on Number Properties (held every 3rd week) to solve exciting 700+ Level Questions in a classroom environment under the real-time guidance of our Experts :)

ShowHide Answer
Official Answer
B
User avatar
EgmatQuantExpert
User avatar
e-GMAT Representative
Joined: 04 Jan 2015
Last visit: 02 Apr 2024
Posts: 3,696
Own Kudos:
18,304
Given Kudos: 165
Expert reply
Posts: 3,696
Kudos: 18,304
The marked price of a laptop is 40% higher than the cost 30 Jul 2017, 13:42
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Reserving this space to post the official solution. :)
User avatar
broall
User avatar
Retired Moderator
Joined: 10 Oct 2016
Last visit: 07 Apr 2021
Posts: 1,141
Own Kudos:
6,616
Given Kudos: 65
Status:Long way to go!
Location: Viet Nam
Posts: 1,141
Kudos: 6,616
The marked price of a laptop is 40% higher than the cost 31 Jul 2017, 00:17
Kudos
Add Kudos
Bookmarks
Bookmark this Post
EgmatQuantExpert
Q.
The marked price of a laptop is 40% higher than the cost price. If it is sold after applying a discount of 20% on the marked price, what is the profit % after selling the laptop?
    A. 6%
    B. 12 %
    C. 18 %
    D. 20 %
    E. Cannot be determined

If the cost price is p then the marked price is 1.4p.
If it is sold after applying a discount of 20%, then the price for sold is 1.4p * 0.8 = 1.12p, or higher than the cost price 12%.

THe answer is B
User avatar
varun4s
User avatar
Joined: 07 Jul 2012
Last visit: 11 Mar 2022
Posts: 281
Own Kudos:
328
 []
Given Kudos: 71
Location: India
Concentration: Finance, Accounting
GPA: 3.5
Posts: 281
Kudos: 328
 []
The marked price of a laptop is 40% higher than the cost 31 Jul 2017, 00:48
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Let the cost price of Laptop be 100

Marked price= 100*\(\frac{140}{100}\)= 140

Discount= 140*\(\frac{20}{100}\)= 28

Selling Price= 140-28= 112

Profit %= \(\frac{112-100}{100}\)*100= 12%

Answer: B.

Kudos please if you like my explanation!
avatar
Dhaval1
avatar
Joined: 05 Apr 2017
Last visit: 28 Apr 2020
Posts: 3
Own Kudos:
4
Given Kudos: 12
Posts: 3
Kudos: 4
The marked price of a laptop is 40% higher than the cost 16 Aug 2017, 10:16
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Let,
C.P = 100 then,
M.P = 140
discount = 20%
discounted price = 140 - 28 = 112

Profit % = 12% (b)
Moderator:
Bunuel
Math Expert
97874 posts