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18 Apr 2022, 02:26
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E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
71% (02:14) correct
29%
(02:27)
wrong
based on 468
sessions
History
Date
Time
Result
Not Attempted Yet
A merchant named Gaga buys a meat dress for a wholesale price of $33.60, and decides that she wants to make a total profit of 25% on the wholesale price. She wants to set the marked price so that she can offer her best customers a discount of 25% off the marked price, while still making her 25% profit. What should the marked price be?
(A) $48.00
(B) $50.00
(C) $50.40
(D) $52.50
(E) $56.00
(A) $48.00
(B) $50.00
(C) $50.40
(D) $52.50
(E) $56.00
Archit3110
18 Apr 2022, 02:51
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CP is $33.6
Target SP is 25% profit of CP i.e. 33.6 *1.25 ; $42
from given options only at $56 *.75 ( 25% discount we get target SP)
option E is correct
Target SP is 25% profit of CP i.e. 33.6 *1.25 ; $42
from given options only at $56 *.75 ( 25% discount we get target SP)
option E is correct
GMATNinja
12 Jul 2022, 07:13
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25% of 33.6 = 8.4
33.6+8.4 = 42
25% discount off the marked price (M)
M*25/100 - M = 42
M(3/4) = 42
M = 56
33.6+8.4 = 42
25% discount off the marked price (M)
M*25/100 - M = 42
M(3/4) = 42
M = 56
