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Answers
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Source: GMAT Paper Tests
A merchant made a gross profit of $40 from the sale of a vase. If this gross profit was 25 percent
of the cost of the vase to the merchant, for how many dollars more should the merchant have sold
the vase for the gross profit to have been 30 percent of the cost?
A. $2
B. $5
C. $8
D. $10
E. $12
The OA is C
A merchant made a gross profit of $40 from the sale of a vase. If this gross profit was 25 percent
of the cost of the vase to the merchant, for how many dollars more should the merchant have sold
the vase for the gross profit to have been 30 percent of the cost?
A. $2
B. $5
C. $8
D. $10
E. $12
The OA is C
