An art supply store buys a case of $144$ pens at a wholesale price of $\$1$ per pen. The pens are then offered for

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by M7MBA » Sun Nov 28, 2021 1:24 am

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An art supply store buys a case of $144$ pens at a wholesale price of $\$1$ per pen. The pens are then offered for sale at a retail price $50\%$ greater than the wholesale price. $100$ of the pens are sold at this new price, and the remaining pens are sold at a $50\%$ discount from the retail price. What is the store’s approximate profit on the pens, expressed as a percentage of the wholesale cost?

A. $30\%$
B. $40\%$
C. $50\%$
D. $60\%$
E. $70\%$

Answer: A

Source: Magoosh

Source: Beat The GMAT — Problem Solving | Sun Nov 28, 2021 1:24 am

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