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# When sold at a 40% discount, a sweater nets the merchant a 20% profit

Author Message
Intern
Joined: 30 Apr 2017
Posts: 5
Location: United Kingdom
Schools: LBS '18
GPA: 3.92
When sold at a 40% discount, a sweater nets the merchant a 20% profit  [#permalink]

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21 Sep 2017, 06:07
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 100% (00:00) wrong based on 2 sessions

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When sold at a 40% discount, a sweater nets the merchant a 20% profit on the wholesale cost at which he initially purchased the item. By what % is the sweater marked up from wholesale at its normal retail price?

A) 20%
B) 40%
C) 50%
D) 80%
E) 100%

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Math Expert
Joined: 02 Sep 2009
Posts: 50616
Re: When sold at a 40% discount, a sweater nets the merchant a 20% profit  [#permalink]

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21 Sep 2017, 06:13
Zebosha wrote:
When sold at a 40% discount, a sweater nets the merchant a 20% profit on the wholesale cost at which he initially purchased the item. By what % is the sweater marked up from wholesale at its normal retail price?

A) 20%
B) 40%
C) 50%
D) 80%
E) 100%

Discussed here: when-sold-at-a-40-discount-a-sweater-nets-the-merchant-a-20-profit-213261.html

Hope it helps.

--== Message from the GMAT Club Team ==--

THERE IS LIKELY A BETTER DISCUSSION OF THIS EXACT QUESTION.
This discussion does not meet community quality standards. It has been retired.

If you would like to discuss this question please re-post it in the respective forum. Thank you!

To review the GMAT Club's Forums Posting Guidelines, please follow these links: Quantitative | Verbal Please note - we may remove posts that do not follow our posting guidelines. Thank you.

_________________
Re: When sold at a 40% discount, a sweater nets the merchant a 20% profit &nbs [#permalink] 21 Sep 2017, 06:13
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