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Vincen
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Your Answer
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B
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E
Global Stats
A vendor sells specialty gift baskets at a price of \(\$50.00\) per basket, which represents a markup of \(25\%\) above the cost to produce each basket. The vendor prepared and delivered an order of \(120\) baskets to a customer. However, that customer returned \(15\) baskets and requested a partial refund. How much should the vendor refund per basket so that the vender makes a \(20\%\) profit on the initial cost of the \(120\) baskets?
A. \(\$10\)
B. \(\$16\)
C. \(\$20\)
D. \(\$34\)
E. \(\$40\)
Answer: B
Source: Manhattan GMAT
A. \(\$10\)
B. \(\$16\)
C. \(\$20\)
D. \(\$34\)
E. \(\$40\)
Answer: B
Source: Manhattan GMAT
