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Furniture dealer - from GMAT PREP

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by robzoc » Mon Oct 20, 2008 9:24 am
I Need help understanding what this problem is asking and how to build the way to solve for the right answer.

thank you

A furniture dealer purchased a desk for $150 and then set the selling price equal to the purchase price plus a mrkup thas was 40 percent of the selling price. if the dealer sold the desk at the selling price, what was the amount of the dealer´s profit frmo the purchase and the sale of the desk ?

$40
$60
$80
$90
$100

OA= [spoiler]$100[/spoiler]
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Source: — Problem Solving |

by dmateer25 » Mon Oct 20, 2008 10:29 am
Let S = Selling Price

S = 150 + .4S

.6S = 150

S = 250

Profit = Selling Price - Purchase Price

Profit = 250 - 150

Profit = 100
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Re: Furniture dealer - from GMAT PREP

by AbhinandanShah » Thu Oct 23, 2008 1:28 am
robzoc wrote:I Need help understanding what this problem is asking and how to build the way to solve for the right answer.

thank you

A furniture dealer
Quick way to solve this problem is to plug-in.

PP + plugin every answer choice here and calculate it's 40%

for (E), 150 + 100 = 250, it's 40% = 100 is nothing but the profit the seller makes... All other figures don't match or are awkward. HTH.
Success is tough... But Achievers get it! Against ALL Odds!!!
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by vaniska » Wed Mar 31, 2010 1:14 am
If you need furniture in the location Mumbai, Maharashtra, India then feel free to contact me......
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by sanju09 » Wed Mar 31, 2010 2:07 am
vaniska wrote:If you need furniture in the location Mumbai, Maharashtra, India then feel free to contact me......
Thank Jesus for it was not a cemetery question
The mind is everything. What you think you become. -Lord Buddha



Sanjeev K Saxena
Quantitative Instructor
The Princeton Review - Manya Abroad
Lucknow-226001

www.manyagroup.com
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by gmatmachoman » Wed Mar 31, 2010 2:24 am
sanju09 wrote:
vaniska wrote:If you need furniture in the location Mumbai, Maharashtra, India then feel free to contact me......
Thank Jesus for it was not a cemetery question

hehehehe...What if the question is about Vegetables sanju???
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by sanju09 » Wed Mar 31, 2010 2:29 am
gmatmachoman wrote:
sanju09 wrote:
vaniska wrote:If you need furniture in the location Mumbai, Maharashtra, India then feel free to contact me......
Thank Jesus for it was not a cemetery question

hehehehe...What if the question is about Vegetables sanju???
tab toh teri chal niklegi tau...(in that case you'll be at the gainer's end, mate!)
The mind is everything. What you think you become. -Lord Buddha



Sanjeev K Saxena
Quantitative Instructor
The Princeton Review - Manya Abroad
Lucknow-226001

www.manyagroup.com
Join the discussion