Forum Home > GMAT > Quantitative > Problem Solving (PS)
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
10 Jul 2019, 10:56
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
(N/A)
Question Stats:
100% (01:28) correct
0%
(00:00)
wrong
based on 4
sessions
History
Date
Time
Result
Not Attempted Yet
Two shopkeepers sell an item for Rs 100 each. The first shopkeeper calculates the profit on CP and reports his profit percentage to be 25%. The second shopkeeper calculates his profit on SP and reports it to be 25%. How much profit does the second shopkeeper make more than the first?
A. Rs 15
B. Rs 10
C. Rs 5
D. Rs. 2.5
E. None of the above
A. Rs 15
B. Rs 10
C. Rs 5
D. Rs. 2.5
E. None of the above
WiziusCareers1
Joined: 27 Apr 2009
Last visit: 15 Dec 2024
Posts: 116
Own Kudos:
Given Kudos: 35
Status:Not Applying
Location: India
Schools: HBS '14 (A)
GMAT 1: 730 Q51 V36
10 Jul 2019, 22:27
Kudos
Bookmarks
For the first shopkeeper, SP is 100 and his profit is 25% of CP
=> CP + 25% of CP = 100
=> CP = 80
=> Profit = 20
For the second shopkeeper, SP is 100 and his profit is 25% of SP
=> Profit is 25
The difference in profits is 25 - 20 = 5
Hence, the answer is (C).
=> CP + 25% of CP = 100
=> CP = 80
=> Profit = 20
For the second shopkeeper, SP is 100 and his profit is 25% of SP
=> Profit is 25
The difference in profits is 25 - 20 = 5
Hence, the answer is (C).
