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This is a problem from Kaplan Practice Test : A TV

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Manager
Joined: 25 Jun 2003
Posts: 93
This is a problem from Kaplan Practice Test : A TV [#permalink]

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25 Aug 2003, 13:28
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This is a problem from Kaplan Practice Test :

A TV salesman makes a profit of 25 percent on all sales. How many TVs will he have to sell for $325 each to make a totl profit of atlest$200 ?

Kaplan argues that

since profit is 25% of 325 ( little over $80 per tv) he has to sell 3 tv sets to cross$200 mark ..

But can we calculate profit on selling price ?

If he sells a tv set for $325 and makes a 25% profit, he must have bought it for (100/125) * 325 =$ 260

that means , he makes a profit of $65 per tv he sells .. So to cross$200 mark, he must sell at least 4 TV sets ..

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Manager
Joined: 14 Aug 2003
Posts: 88
Location: barcelona

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25 Aug 2003, 13:30
to me, making a 25% profit in a sale of 100$is to make a profit of 25$
25 Aug 2003, 13:30
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