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21 Oct 2024, 01:30
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A
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:
73% (01:57) correct
27%
(01:58)
wrong
based on 354
sessions
History
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Whenever Bianca travels to Italy, she brings back Gucci bags to sell to her friends. The bags she buys in Italy are purchased at a 60 percent discount off American prices. She sells the bags to her friends at a price 25 percent higher than what she paid for them. After one trip, she sells bags to her friends that would have cost $4,000 in American stores. What is Bianca’s profit per bag?
(A) $400
(B) $600
(C) $1,600
(D) $2,200
(E) $2,400
(A) $400
(B) $600
(C) $1,600
(D) $2,200
(E) $2,400
21 Oct 2024, 03:47
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Cost of Bag in American store= \(4000\)
CP when she bought in Italy store = \(4000*\frac{2}{5} = 1600\)
SP = \(1600*\frac{5}{4} = 2000\)
Profit = SP-CP = \(2000-1600 = 400\)
I think A
CP when she bought in Italy store = \(4000*\frac{2}{5} = 1600\)
SP = \(1600*\frac{5}{4} = 2000\)
Profit = SP-CP = \(2000-1600 = 400\)
I think A
21 Oct 2024, 03:49
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Quote:
Bianca CP= 40% of 4000= 1600
Bianca Sp= 125% of 1600= 2000
Profit= 400
A
