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Wed Jun 03, 2020 8:20 am
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
75%
(hard)
Question Stats:
63% (03:17) correct
37%
(03:14)
wrong
based on 190
sessions
History
Date
Time
Result
Not Attempted Yet
In a recurring manufacture – to- sale cycle, a toy manufacturer sells a type of toys to a retailer at a profit that varies between 50% and 60%, depending on the size of the retailer’s order (the retailer gets a proportional discount for bulk purchase of toys). The retailer marks up the price of these toys by 20% to 40% depending on the location of his different shops. The retailer then offers a discount, across all shops, of either 10% or $15 on the purchase of a toy to the customer. If the manufacturer incurs a cost of $100 to manufacture a toy, the profit earned by the retailer per toy must be between:
A. $12 and $45
B. $15 and $45
C. $12 and $49
D. $17 and $49
E. $17 and $45
Are You Up For the Challenge: 700 Level Questions
A. $12 and $45
B. $15 and $45
C. $12 and $49
D. $17 and $49
E. $17 and $45
Are You Up For the Challenge: 700 Level Questions
Wed Jun 03, 2020 8:33 am
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Is it C
We start with retail as 100
Take 150 as minimum value and 160 as maximum
Minimum value will be 150*1.2
Maximum value will be 160*1.4
Maximum discount will be 10% of 180 and minimum discount 15$ of 224
The toy will be sold. 162<toy< 209
Buying price. 150<toy < 160
So profit is 12< profit<49
Posted from GMAT ToolKit
We start with retail as 100
Take 150 as minimum value and 160 as maximum
Minimum value will be 150*1.2
Maximum value will be 160*1.4
Maximum discount will be 10% of 180 and minimum discount 15$ of 224
The toy will be sold. 162<toy< 209
Buying price. 150<toy < 160
So profit is 12< profit<49
Posted from GMAT ToolKit 
Sat Jun 06, 2020 4:30 am
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IMO C
Cost = 100
Manufacturer's SP (profit between 50% and 60%)= 150-160
after retailer's mark up (marks up the price of these toys by 20% to 40%), new price: 180 --224
After discount: SP(Max on low price, min on hight price): 162 (10% discount) - 209 ($15 discount)
Profile range: 12---49
Cost = 100
Manufacturer's SP (profit between 50% and 60%)= 150-160
after retailer's mark up (marks up the price of these toys by 20% to 40%), new price: 180 --224
After discount: SP(Max on low price, min on hight price): 162 (10% discount) - 209 ($15 discount)
Profile range: 12---49
