BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Target Test Prep · GMAT

Choose how you want to prepare

Learn live with an expert or move at your own pace. Every option includes the complete TTP study system.

★★★★★5.0559 reviews
GMATLiveTeach 7 seats left
Chris Peckover
NEXT LIVE COHORT

Oct 13 to Jan 7, 2027

with Chris Peckover

Schedule
Tue, Thu · 8:00 to 10:00 PM ET
Included
40 live hours + 6 months of GMAT OnDemand
  • Live instruction and real-time questions
  • Class recordings and assigned practice
View class & enroll
Limited cohort · enrollment openTarget Test Prep
EALiveTeach 5 seats left
Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

Schedule
Sun · 9:30 AM to 12:30 PM ET
Included
Live EA class + 6 months of EA OnDemand
  • Expert-led weekly online sessions
  • EA Masterclass access between classes
View EA class & enroll
Limited cohort · enrollment openTarget Test Prep
GMATOnDemand Start anytime
SELF-PACED MASTERCLASS

Target Test Prep GMAT OnDemand

Complete access from day one. Study on your schedule.

130-point score guarantee
$0to start then $127/mo
  • Personalized study plan and analytics
  • Thousands of lessons and practice questions
Start free 5-day trial
Read 559 reviewsTarget Test Prep

Compare the format, schedule, and included access before enrolling. Prices and seat counts shown reflect the supplied offer details.

A retailer sold an appliance for $80. If the retailer's gross profit on the appliance was 25 percent of the...

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Moderator
Posts: 2575
Joined: Sun Oct 15, 2017 1:50 pmFollowed by: 6 members
by BTGmoderatorLU » Mon Mar 08, 2021 5:57 am

Timer

00:00

Answers

A

B

C

D

E

Stats

Difficulty—

GMAT Prep

A retailer sold an appliance for $80. If the retailer's gross profit on the appliance was 25 percent of the retailer's cost for the appliance, how many dollars was the retailer's gross profit?

A. $10
B. $16
C. $20
D. $24
E. $25

OA B
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
Legendary Member
Posts: 2214
Joined: Fri Mar 02, 2018 2:22 pmFollowed by: 5 members

Re: A retailer sold an appliance for $80. If the retailer's gross profit on the appliance was 25 percent of the...

by deloitte247 » Sun Mar 14, 2021 2:55 pm
Selling price = $80
Gross profit = 25% of the cost price
Profit = selling price - cost price
Let cost price = c
25% * c = 80 - c
0.25c = 80 - c
$$c=\frac{80}{1.25}=64$$
Gross profit = 25% * 64 = $16
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 8175
Joined: Sat Apr 25, 2015 10:56 amFollowed by: 29 members
Location: Los Angeles, CA
Thanked: 43 times

Re: A retailer sold an appliance for $80. If the retailer's gross profit on the appliance was 25 percent of the...

by Scott@TargetTestPrep » Sat Mar 20, 2021 1:35 pm
BTGmoderatorLU wrote: ↑
Mon Mar 08, 2021 5:57 am
 GMAT Prep

A retailer sold an appliance for $80. If the retailer's gross profit on the appliance was 25 percent of the retailer's cost for the appliance, how many dollars was the retailer's gross profit?

A. $10
B. $16
C. $20
D. $24
E. $25

OA B
Solution:

We can let x = the retailer's cost for the appliance and create the equation:

x + 0.25x = 80

1.25x = 80

x = 80/1.25 = 64

The cost of the appliance was $64. Therefore, the profit is 0.25(64) = $16.

Answer: B

Scott Woodbury-Stewart
Founder and CEO
[email protected]

Image

See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews

ImageImage
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1