Last visit was: 24 Apr 2026, 04:07 It is currently 24 Apr 2026, 04:07
Home
Messages
Tests
Schools
Events
Close
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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
Back to Forum
Create Topic
Sub 505 (Easy)|   Word Problems|         
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 24 Apr 2026
Posts: 109,809
Own Kudos:
810,934
 [13]
Given Kudos: 105,869
Products:
GMAT Club Tests Forum Quiz
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 109,809
Kudos: 810,934
 [13]
A store purchased 10 appliances for $150 each. The store sold 5 of the 07 May 2023, 14:28
Kudos
Add Kudos
13
Bookmarks
Bookmark this Post
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide
Show
History
B
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% (02:03) correct 8% (03:01) wrong based on 406 sessions

History

Date
Time
Result
Not Attempted Yet
A store purchased 10 appliances for $150 each. The store sold 5 of these appliances at p dollars each, sold 4 of the appliances at $225 each, and kept the remaining appliance as a floor model. If the store’s gross profit on the 10 appliances was $375, what is the value of p?

(A) $187.50
(B) $195.00
(C) $208.33
(D) $215.00
(E) $243.75

GMATTM Focus Sample Question from mba.com
ShowHide Answer
Official Answer
B
Trying to understand why the right answer is right? GMAT Club Tests explanations walk through concepts, shortcuts, and common traps on many questions. See how →
User avatar
gmatophobia
User avatar
Quant Chat Moderator
Joined: 22 Dec 2016
Last visit: 19 Apr 2026
Posts: 3,173
Own Kudos:
11,461
 [1]
Given Kudos: 1,862
Location: India
Concentration: Strategy, Leadership
Posts: 3,173
Kudos: 11,461
 [1]
A store purchased 10 appliances for $150 each. The store sold 5 of the 07 May 2023, 14:43
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
Bunuel
A store purchased 10 appliances for $150 each. The store sold 5 of these appliances at p dollars each, sold 4 of the appliances at $225 each, and kept the remaining appliance as a floor model. If the store’s gross profit on the 10 appliances was $375, what is the value of p?

(A) $187.50
(B) $195.00
(C) $208.33
(D) $215.00
(E) $243.75

GMAT™ Focus Sample Question from mba.com
Show more

Cost price of 10 appliances = 10 * $150 = $1500

The store actually sold only 9 appliances as one of the appliances was kept as floor - model.

5 of these appliances at p dollars each, sold 4 of the appliances at $225 each

Revenue = 5*p + (4*225) = 5p + 900

5p + 900 = 1500 + 375

5p = 1500 - 900 + 375

5p = 600 + 375

p = \(\frac{975}{5}\) = 195

Option B
User avatar
Abhishek009
User avatar
Board of Directors
Joined: 11 Jun 2011
Last visit: 17 Dec 2025
Posts: 5,903
Own Kudos:
5,452
Given Kudos: 463
Status:QA & VA Forum Moderator
Location: India
GPA: 3.5
WE:Business Development (Commercial Banking)
Posts: 5,903
Kudos: 5,452
A store purchased 10 appliances for $150 each. The store sold 5 of the 08 May 2023, 08:32
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
A store purchased 10 appliances for $150 each. The store sold 5 of these appliances at p dollars each, sold 4 of the appliances at $225 each, and kept the remaining appliance as a floor model. If the store’s gross profit on the 10 appliances was $375, what is the value of p?

(A) $187.50
(B) $195.00
(C) $208.33
(D) $215.00
(E) $243.75

GMAT™ Focus Sample Question from mba.com
Show more
\(5p + 4*225 = 150*10+375\)

\(5p = 150*10+375 - 4*225\)

\(5p = 1500+375 - 900\)

Or, \(p = 195\), Answer must be (B)
User avatar
MBAHOUSE
User avatar
MBA House Admissions Consultant
Joined: 26 May 2022
Last visit: 23 Apr 2024
Posts: 337
Own Kudos:
98
Expert
Expert reply
Posts: 337
Kudos: 98
A store purchased 10 appliances for $150 each. The store sold 5 of the 16 May 2023, 20:12
Kudos
Add Kudos
Bookmarks
Bookmark this Post
A store purchased 10 appliances for $150 each. The store sold 5 of these appliances at p dollars each, sold 4 of the appliances at $225 each, and kept the remaining appliance as a floor model. If the store’s gross profit on the 10 appliances was $375, what is the value of p?
Attachments

5AEF7F4E-1CAA-4E46-A3F1-6E6A6C356234.jpeg
5AEF7F4E-1CAA-4E46-A3F1-6E6A6C356234.jpeg [ 393.76 KiB | Viewed 7894 times ]

avatar
0Lucky0
avatar
Joined: 24 Dec 2022
Last visit: 07 Nov 2024
Posts: 250
Own Kudos:
154
Given Kudos: 222
Posts: 250
Kudos: 154
A store purchased 10 appliances for $150 each. The store sold 5 of the 03 Jun 2023, 21:53
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Profit = Selling Price - Cost Price
375 = 5p + 4*225 - 1500
375 = 5p + 900 - 1500
375 = 5p - 600
5p = 975
p = 195.
User avatar
JeffTargetTestPrep
User avatar
Target Test Prep Representative
Joined: 04 Mar 2011
Last visit: 05 Jan 2024
Posts: 2,974
Own Kudos:
8,710
Given Kudos: 1,646
Status:Head GMAT Instructor
Affiliations: Target Test Prep
Expert
Expert reply
Posts: 2,974
Kudos: 8,710
A store purchased 10 appliances for $150 each. The store sold 5 of the 27 Aug 2023, 06:58
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
A store purchased 10 appliances for $150 each. The store sold 5 of these appliances at p dollars each, sold 4 of the appliances at $225 each, and kept the remaining appliance as a floor model. If the store’s gross profit on the 10 appliances was $375, what is the value of p?

(A) $187.50
(B) $195.00
(C) $208.33
(D) $215.00
(E) $243.75
Show more

Revenue = 5p + 4(225) = 5p + 900 dollars

Cost = 10(150) = 1,500 dollars

Since the store’s profit was $375, we have:

Revenue – Cost = Profit

5p + 900 – 1,500 = 375

5p = 975

p = $195

Answer: B
User avatar
peaky
User avatar
Joined: 17 Jan 2022
Last visit: 16 Oct 2025
Posts: 16
Own Kudos:
7
Given Kudos: 88
Posts: 16
Kudos: 7
A store purchased 10 appliances for $150 each. The store sold 5 of the 03 Sep 2023, 16:40
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Why are we not calculation the cost of unsold item?
User avatar
naveengmat15
User avatar
Joined: 08 Aug 2023
Last visit: 17 Oct 2024
Posts: 71
Own Kudos:
15
Given Kudos: 42
Location: India
Concentration: General Management, Entrepreneurship
GPA: 4
WE:Architecture (Real Estate)
Products:
My Reviews
Posts: 71
Kudos: 15
A store purchased 10 appliances for $150 each. The store sold 5 of the 04 Sep 2023, 17:20
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Profit = Selling Price - Cost Price
375 = 5p + 4*225 - 1500
375 = 5p + 900 - 1500
375 = 5p - 600
5p = 975
p = 195.

Posted from my mobile device
User avatar
KarishmaB
User avatar
Joined: 16 Oct 2010
Last visit: 23 Apr 2026
Posts: 16,442
Own Kudos:
79,400
Given Kudos: 485
Location: Pune, India
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 16,442
Kudos: 79,400
A store purchased 10 appliances for $150 each. The store sold 5 of the 08 Apr 2024, 05:10
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
A store purchased 10 appliances for $150 each. The store sold 5 of these appliances at p dollars each, sold 4 of the appliances at $225 each, and kept the remaining appliance as a floor model. If the store’s gross profit on the 10 appliances was $375, what is the value of p?

(A) $187.50
(B) $195.00
(C) $208.33
(D) $215.00
(E) $243.75

GMAT™ Focus Sample Question from mba.com
Show more
­
Responding to a pm:

Total cost to the store of buying 10 items = 150*10
Profit earned = $375
Hence revenue earned = 1500 + 375 = 1875

Revenue from sale of 4 items  = 4*225 = 900
Revenue from sale of 5 items = 1875 - 900 = 975
Selling price of each item = 975/5 = $195

Answer (B)

( peaky - No revenue was earned from floor model so it is ignored in the revenue calculation) 

 
User avatar
bumpbot
User avatar
Non-Human User
Joined: 09 Sep 2013
Last visit: 04 Jan 2021
Posts: 38,967
Own Kudos:
1,117
Posts: 38,967
Kudos: 1,117
A store purchased 10 appliances for $150 each. The store sold 5 of the 13 Nov 2025, 09:43
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Automated notice from GMAT Club BumpBot:

A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.

This post was generated automatically.
Moderators:
Bunuel
Math Expert
109809 posts
Krunaal
Tuck School Moderator
853 posts