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• ### $450 Tuition Credit & Official CAT Packs FREE November 15, 2018 November 15, 2018 10:00 PM MST 11:00 PM MST EMPOWERgmat is giving away the complete Official GMAT Exam Pack collection worth$100 with the 3 Month Pack ($299) # When a company places a wholesale order on coffee cups with the compan  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics Author Message TAGS: ### Hide Tags Math Expert Joined: 02 Sep 2009 Posts: 50544 When a company places a wholesale order on coffee cups with the compan [#permalink] ### Show Tags 25 Oct 2018, 02:36 00:00 Difficulty: 5% (low) Question Stats: 100% (01:04) correct 0% (00:00) wrong based on 31 sessions ### HideShow timer Statistics 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

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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, 06:29
According to the Q: $12.50 - ($692 / 80) = $12.50 -$8.65 = $3.85 ....... ANS B _________________ Please let me know if I am going in wrong direction. Thanks in appreciation. Board of Directors Status: QA & VA Forum Moderator Joined: 11 Jun 2011 Posts: 4209 Location: India GPA: 3.5 WE: Business Development (Commercial Banking) Re: When a company places a wholesale order on coffee cups with the compan [#permalink] ### Show Tags 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)
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Re: When a company places a wholesale order on coffee cups with the compan  [#permalink]

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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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