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GMAT Prep - Profit (Missing info???)

rosh26: Master | Next Rank: 500 Posts; Posts: 215; Joined: Mon Apr 21, 2008 8:07 am

by rosh26 » Sat Jun 28, 2008 8:57 pm

I really felt this question was missing information about the cost to retailor...

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Source: Beat The GMAT — Problem Solving | Sat Jun 28, 2008 8:57 pm

beeparoo: Master | Next Rank: 500 Posts; Posts: 200; Joined: Sun Jun 17, 2007 10:46 am; Location: Canada; Thanked: 9 times

by beeparoo » Sat Jun 28, 2008 9:15 pm

P = profit, C = cost to retailer

P = (1/4)C

P = 80 - C = 80 - 4P
P = 80/5 = 16

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