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09 Mar 2020, 06:21
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
66% (01:38) correct
34%
(01:48)
wrong
based on 277
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A store sold a packet of 10 identical pens for a total of x dollars. The store originally purchased the packet of pens for 80% of the amount for which it sold the packet. In terms of x, how much profit did the store make on a single pen?
A. x/5
B. x/10
C. 4x/5
D. x/50
E. 4x/50
A. x/5
B. x/10
C. 4x/5
D. x/50
E. 4x/50
yashikaaggarwal
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Joined: 19 Jan 2020
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09 Mar 2020, 06:44
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I don't know whether there is any mistake in the options or not. But the answer is 25% profit.
For instance:
He sell 10 pencil for 10 rupees each. Thus getting receipt of 100 rupees. And he bought it for 80% cost price which is 80.
So his profit will be 100-80/80*100 = 25%
{(S.P.-C.P.)/C.P.*100}
So if anyone know the solution to the confusion. Kindly revert.
Thank you.
Posted from my mobile device
For instance:
He sell 10 pencil for 10 rupees each. Thus getting receipt of 100 rupees. And he bought it for 80% cost price which is 80.
So his profit will be 100-80/80*100 = 25%
{(S.P.-C.P.)/C.P.*100}
So if anyone know the solution to the confusion. Kindly revert.
Thank you.
Posted from my mobile device
shameekv1989
GMAT 3: 720 Q50 V38
Posts: 816
09 Mar 2020, 07:05
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Bunuel
\(Selling Price per pen = \frac{x}{10}\)
\(Buying Price per pen = \frac{4x}{50}\) (For 10 pens)
\(Profit = \frac{x}{10} - \frac{4x}{50}\)
\(Profit = \frac{x}{50}\)
Answer - D
