GMAT Question of the Day: Daily via email | Daily via Instagram New to GMAT Club? Watch this Video

 It is currently 13 Jul 2020, 20:31 ### 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

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.  # The markup on a television set is 20 percent of the cost. The markup

Author Message
TAGS:

### Hide Tags

Math Expert V
Joined: 02 Sep 2009
Posts: 65241
The markup on a television set is 20 percent of the cost. The markup  [#permalink]

### Show Tags 00:00

Difficulty:   15% (low)

Question Stats: 82% (01:36) correct 18% (01:47) wrong based on 77 sessions

### HideShow timer Statistics

The markup on a television set is 20 percent of the cost. The markup is what percent of the selling price? (markup = selling price - cost)

(A) 8%

(B) 10%

(C) $$12 \frac{1}{2}$$%

(D) 15%

(E) $$16 \frac{2}{3}$$%

PS21236

_________________
Director  P
Joined: 22 Nov 2018
Posts: 502
Location: India
GMAT 1: 640 Q45 V35
GMAT 2: 740 Q49 V41
Re: The markup on a television set is 20 percent of the cost. The markup  [#permalink]

### Show Tags

1
Cost 100, Profit 20 therefore Selling price 120. Profit on Selling price is 20/120*100 = 16 2/3% Option E
GMAT Club Legend  V
Joined: 18 Aug 2017
Posts: 6447
Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
Re: The markup on a television set is 20 percent of the cost. The markup  [#permalink]

### Show Tags

Bunuel wrote:
The markup on a television set is 20 percent of the cost. The markup is what percent of the selling price?
(markup = selling price - cost)

(A) 8%
(B) 10%
(C) 12 1/2%
(D) 15%
(E) 16 2/3%

cost = c
mark up = .2c
so sp= 1.2c
.2c/1,2c = 16 .6%
IMO E
Manager  B
Joined: 31 Dec 2017
Posts: 71
Re: The markup on a television set is 20 percent of the cost. The markup  [#permalink]

### Show Tags

markup (M) = selling price (S) - cost (C)
-->M=S - C-->S= M + C= 1.2C
M/S = 0.2C/1.2C = 1/6 (half of 1/3)= 0.167 (half of 1/3)--> E
Board of Directors D
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 5011
Location: India
GPA: 3.5
Re: The markup on a television set is 20 percent of the cost. The markup  [#permalink]

### Show Tags

Bunuel wrote:
The markup on a television set is 20 percent of the cost. The markup is what percent of the selling price?
(markup = selling price - cost)

(A) 8%
(B) 10%
(C) 12 1/2%
(D) 15%
(E) 16 2/3%

C = 100
M = 20
S = 120

So, M/S*100 = 20/120*100 = 16 2/3% , Answer must be (E)
_________________
Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )
CrackVerbal Representative B
Joined: 12 May 2019
Posts: 68
Re: The markup on a television set is 20 percent of the cost. The markup  [#permalink]

### Show Tags

Let the cost price of the television be "$$x$$"

Since markup on the television set is 20% of the cost, Markup = 20 % of $$x = 0.2x$$

Markup = Selling Price - Cost Price

$$0.2x$$ = Selling Price - $$x$$

Selling Price = $$1.2x$$

If markup is $$y$$% of the Selling Price, then:

$$y$$ = Markup/Selling Price * 100 = $$\frac{0.2x}{1.2x}$$ * 100 = $$\frac{1}{6}$$ * 100 = 16 $$\frac{2}{3}$$ %

_________________
Target Test Prep Representative V
Status: Founder & CEO
Affiliations: Target Test Prep
Joined: 14 Oct 2015
Posts: 11117
Location: United States (CA)
Re: The markup on a television set is 20 percent of the cost. The markup  [#permalink]

### Show Tags

Bunuel wrote:
The markup on a television set is 20 percent of the cost. The markup is what percent of the selling price?
(markup = selling price - cost)

(A) 8%
(B) 10%
(C) 12 1/2%
(D) 15%
(E) 16 2/3%

The markup is 0.2c, and thus the selling price = c + 0.2c = 1.2c. Therefore, the markup is:

0.2c/(1.2c) = 0.2/1.2 = 2/12 = 1/6 = 16 ⅔%

_________________

# Scott Woodbury-Stewart

Founder and CEO

Scott@TargetTestPrep.com

214 REVIEWS

5-STARS RATED ONLINE GMAT QUANT SELF STUDY COURSE

NOW WITH GMAT VERBAL (BETA)

See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews

Board of Directors D
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 5011
Location: India
GPA: 3.5
The markup on a television set is 20 percent of the cost. The markup  [#permalink]

### Show Tags

Bunuel wrote:
The markup on a television set is 20 percent of the cost. The markup is what percent of the selling price? (markup = selling price - cost)

(A) 8%

(B) 10%

(C) $$12 \frac{1}{2}$$%

(D) 15%

(E) $$16 \frac{2}{3}$$%

PS21236

$$CP = 100$$ , $$Markup = 20$$ & $$SP = 120$$

Markup is what percent of the selling price -

$$\frac{20}{120}*100$$ = $$16 \frac{2}{3}$$% , Answer must be (E)
_________________
Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )
VP  V
Joined: 18 Dec 2017
Posts: 1407
Location: United States (KS)
GMAT 1: 600 Q46 V27 Re: The markup on a television set is 20 percent of the cost. The markup  [#permalink]

### Show Tags

Bunuel wrote:
The markup on a television set is 20 percent of the cost. The markup is what percent of the selling price? (markup = selling price - cost)

(A) 8%

(B) 10%

(C) $$12 \frac{1}{2}$$%

(D) 15%

(E) $$16 \frac{2}{3}$$%

PS21236

CP= 100

SP=120 (Markup + CP)

Markup is what % of SP? 20 is what percent of 120? 1/6 = 16.67%

_________________
The Moment You Think About Giving Up, Think Of The Reason Why You Held On So Long

Why You Don’t Deserve A 700 On Your GMAT

Learn from the Legend himself: All GMAT Ninja LIVE YouTube videos by topic
You are missing on great learning if you don't know what this is: Project SC Butler Re: The markup on a television set is 20 percent of the cost. The markup   [#permalink] 01 Jun 2020, 20:42

# The markup on a television set is 20 percent of the cost. The markup  