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magical cook GMAT Destroyer! Default Avatar
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DS question Post Wed Nov 28, 2007 11:16 am
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  • Lap #[LAPCOUNT] ([LAPTIME])
    What was the price at which a merchant sold a certain appliance?
    (1) The merchant's gross profit on the appliance was 20 percent of the price at
    which the merchant sold the appliance.
    (2) The price at which the merchant sold the appliance was $50 more than the
    merchant's cost of the appliance.


    Hi, Can anyone help pls? - OA will follow..... thanks!

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    Suyog GMAT Destroyer! Default Avatar
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    Post Wed Nov 28, 2007 12:43 pm
    1. Gross profit = 20% selling price INSUFF
    2. Selling price = Cost + $50 INSUFF
    Both together INSUFF

    Ans E

    magical cook GMAT Destroyer! Default Avatar
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    Post Wed Nov 28, 2007 12:45 pm
    that's what I thought too but seems wrong....

    ri2007 Really wants to Beat The GMAT! Default Avatar
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    Post Wed Nov 28, 2007 1:46 pm
    my ans was C

    SP = P + Purchase Price (PP)

    Combined we have

    SP = X
    Profit = 50 = 0.2X

    So SP = 250

    pls confirm

    Thanked by: GMGANGAD
    magical cook GMAT Destroyer! Default Avatar
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    Post Wed Nov 28, 2007 3:35 pm
    Yes C is correct. I got it, thanks.

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