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Nightmare007
Joined: 26 Aug 2016
Last visit: 05 Aug 2020
Posts: 425
Given Kudos: 204
Location: India
Concentration: Operations, International Business
Schools: ISB '20 (M) Simon '21 (WL)
GMAT 1: 690 Q50 V33
GMAT 2: 700 Q50 V33
GMAT 3: 730 Q51 V38
GPA: 4
WE:Information Technology (Consulting)
Products:
Updated on: 18 Apr 2017, 03:52
Originally posted by Nightmare007 on 18 Apr 2017, 03:49.
Last edited by Bunuel on 18 Apr 2017, 03:52, edited 1 time in total.
Last edited by Bunuel on 18 Apr 2017, 03:52, edited 1 time in total.
Renamed the topic and edited the question.
Kudos
Bookmarks
A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
92% (01:23) correct
8%
(01:39)
wrong
based on 1081
sessions
History
Date
Time
Result
Not Attempted Yet
A grocery store purchased crates of 40 oranges each for $5.00 per crate and then sold each orange for $0.20. What was the store's gross profit on each crate of oranges?
(A) $3.00
(B) $6.00
(C) $8.00
(D) $10.00
(E) $13.00
(A) $3.00
(B) $6.00
(C) $8.00
(D) $10.00
(E) $13.00
Solving this question helps.
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18 Apr 2017, 03:57
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Nightmare007
Price per crate is $5.
Revenue per crate = 0.2*40 = $8.
Profit per crate = $8 - $5 = $3.
Answer: A.
General Discussion
05 Apr 2018, 17:14
Kudos
Bookmarks
Nightmare007
Each crate of oranges costs 5 dollars, and each crate is sold for 40 x 0.2 = 8 dollars, so the profit, per crate, is 3 dollars.
Answer: A
23 Nov 2020, 19:59
Kudos
Bookmarks
Profit = SP - CP
Cost price/crate = $5
Each crate contains 40 oranges which are sold at $0.2 per orange. Therefore SP = 40 * 0.2 = $8
Profit/crate = 8 - 5 = $3
Option A
Arun Kumar
Cost price/crate = $5
Each crate contains 40 oranges which are sold at $0.2 per orange. Therefore SP = 40 * 0.2 = $8
Profit/crate = 8 - 5 = $3
Option A
Arun Kumar
