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# When a company places a wholesale order on coffee cups with the compan

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Joined: 02 Sep 2009
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When a company places a wholesale order on coffee cups with the compan  [#permalink]

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25 Oct 2018, 02:36
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Difficulty:

5% (low)

Question Stats:

100% (01:04) correct 0% (00:00) wrong based on 33 sessions

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When a company places a wholesale order on coffee cups with the company logo, they pay $692 for 80 cups. When Phil wants to buy just one such cup, it costs him$12.50. How much above the wholesale price per cup is he paying?

A. $0.55 B.$3.85
C. $7.35 D.$10.65
E. $14.25 _________________ RC Moderator Joined: 24 Aug 2016 Posts: 635 Location: Canada Concentration: Entrepreneurship, Operations GMAT 1: 630 Q48 V28 GMAT 2: 540 Q49 V16 Re: When a company places a wholesale order on coffee cups with the compan [#permalink] ### Show Tags 25 Oct 2018, 06:29 According to the Q:$12.50 - ($692 / 80) =$12.50 - $8.65 =$3.85 ....... ANS B
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Re: When a company places a wholesale order on coffee cups with the compan  [#permalink]

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25 Oct 2018, 06:47
Bunuel wrote:
When a company places a wholesale order on coffee cups with the company logo, they pay $692 for 80 cups. When Phil wants to buy just one such cup, it costs him$12.50. How much above the wholesale price per cup is he paying?

A. $0.55 B.$3.85
C. $7.35 D.$10.65
E. $14.25 The wholesale price of Coffee cups is $$\frac{692}{80} = 8.65$$ Retail price is $$12.50$$ So, MArkup above the wholesale price is $$12.50 - 8.65 = 3.85$$ ; Answer must be (B) _________________ Thanks and Regards Abhishek.... PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only ) Target Test Prep Representative Status: Founder & CEO Affiliations: Target Test Prep Joined: 14 Oct 2015 Posts: 4529 Location: United States (CA) Re: When a company places a wholesale order on coffee cups with the compan [#permalink] ### Show Tags 30 Oct 2018, 10:20 Bunuel wrote: When a company places a wholesale order on coffee cups with the company logo, they pay$692 for 80 cups. When Phil wants to buy just one such cup, it costs him $12.50. How much above the wholesale price per cup is he paying? A.$0.55
B. $3.85 C.$7.35
D. $10.65 E.$14.25

The wholesale price is 692/80 = $8.65 per cup. Thus, Phil pays 12.5 - 8.65 =$3.85 above the wholesale price if he buys just one cup.

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Re: When a company places a wholesale order on coffee cups with the compan &nbs [#permalink] 30 Oct 2018, 10:20
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