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08 May 2022, 02:23
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Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
82% (02:01) correct
18%
(02:21)
wrong
based on 540
sessions
History
Date
Time
Result
Not Attempted Yet
A furniture dealer bought a sofa at the manufacturer's price and sold it at a 20 percent discount off its regular retail price of $440. If the dealer made a 10 percent profit on the manufacturer's price of the sofa, what was the manufacturer's price?
A. $308
B. $320
C. $352
D. $387
E. $396
Source: Skills Insight
A. $308
B. $320
C. $352
D. $387
E. $396
Source: Skills Insight
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01 Jun 2022, 08:28
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Bunuel
Let manufacturer's price be x
440 * 0.8 = x * 1.1
x = 320
11 Mar 2023, 10:37
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Bookmarks
Hi,
Retail Price = 440
Disc = 20%
Sp= 440*0.8 or 440 - 20%*440 = 352
Now , Let Manufactured Price be x
Then 10% profit = x/10 ( 10% of x )
So , x + x/10 = 352
= 11x/10 = 352
= x = 320
Thus , Manufacturing Price = 320.
Hope a great time learning!
Retail Price = 440
Disc = 20%
Sp= 440*0.8 or 440 - 20%*440 = 352
Now , Let Manufactured Price be x
Then 10% profit = x/10 ( 10% of x )
So , x + x/10 = 352
= 11x/10 = 352
= x = 320
Thus , Manufacturing Price = 320.
Hope a great time learning!
