It is currently 21 Oct 2017, 02:08

### 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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# The selling price of an article is equal to the cost of the

Author Message
TAGS:

### Hide Tags

Manager
Joined: 16 Feb 2011
Posts: 240

Kudos [?]: 194 [2], given: 9

The selling price of an article is equal to the cost of the [#permalink]

### Show Tags

01 Sep 2011, 10:20
2
KUDOS
1
This post was
BOOKMARKED
00:00

Difficulty:

25% (medium)

Question Stats:

66% (00:37) correct 34% (00:43) wrong based on 138 sessions

### HideShow timer Statistics

The selling price of an article is equal to the cost of the article plus the markup. The markup on a certain television set is what percent of the selling price?

(1) The markup on the television set is 25 percent of the cost.
(2) The selling price of the television set is $250. Official Guide 12 Question  Question: 37 Page: 276 Difficulty: 600 Find All Official Guide Questions Video Explanations: OPEN DISCUSSION OF THIS QUESTION IS HERE: the-selling-price-of-an-article-is-equal-to-the-cost-of-the-138738.html [Reveal] Spoiler: OA Kudos [?]: 194 [2], given: 9 Intern Joined: 16 Apr 2010 Posts: 29 Kudos [?]: 23 [1], given: 3 Location: United States (AL) Concentration: Technology, Entrepreneurship GMAT 1: 680 Q44 V37 GPA: 3.91 WE: Information Technology (Energy and Utilities) Re: The selling price of an article is equal to the cost of the [#permalink] ### Show Tags 01 Sep 2011, 10:34 1 This post received KUDOS Answer is A! Plug in numbers to quickly find out: if C=100, then M=25 and this S = 125. So M is 20% of S. A is sufficient Kudos [?]: 23 [1], given: 3 Manager Joined: 06 Jun 2011 Posts: 141 Kudos [?]: 73 [0], given: 15 Re: The selling price of an article is equal to the cost of the [#permalink] ### Show Tags 02 Sep 2011, 03:10 A is sufficient. You do not need the actual to find the % Kudos [?]: 73 [0], given: 15 GMAT Club Legend Joined: 09 Sep 2013 Posts: 16611 Kudos [?]: 273 [0], given: 0 Re: The selling price of an article is equal to the cost of the [#permalink] ### Show Tags 21 Dec 2014, 07:16 Hello from the GMAT Club BumpBot! Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos). Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email. _________________ Kudos [?]: 273 [0], given: 0 Math Expert Joined: 02 Sep 2009 Posts: 41891 Kudos [?]: 129071 [0], given: 12194 Re: The selling price of an article is equal to the cost of the [#permalink] ### Show Tags 21 Dec 2014, 08:47 Expert's post 2 This post was BOOKMARKED The selling price of an article is equal to the cost of the article plus the markup. The markup on a certain television set is what percent of the selling price? Given: Price=Cost+Markup. Question: $$\frac{Markup}{Price}=?$$ (1) The markup on the television set is 25 percent of the cost. $$Markup=0.25*Cost$$ --> $$Price=Cost+Markup=Cost+0.25*Cost=1.25*Cost$$ --> $$\frac{Markup}{Price}=\frac{0.25*Cost}{1.25*Cost}=0.2$$. Sufficient. (2) The selling price of the television set is$250. Not sufficient to get the ratio required.

OPEN DISCUSSION OF THIS QUESTION IS HERE: the-selling-price-of-an-article-is-equal-to-the-cost-of-the-138738.html
_________________

Kudos [?]: 129071 [0], given: 12194

Re: The selling price of an article is equal to the cost of the   [#permalink] 21 Dec 2014, 08:47
Display posts from previous: Sort by