An auto dealer sells each car at either \(\$20,000\) or \(\$30,000.\) Some cars are marked up at \(20\%\) of the cost

This topic has expert replies
Moderator
Posts: 2058
Joined: Sun Oct 29, 2017 4:24 am
Thanked: 1 times
Followed by:5 members

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

An auto dealer sells each car at either \(\$20,000\) or \(\$30,000.\) Some cars are marked up at \(20\%\) of the cost price and the remaining are marked up at \(30\%\) of the cost price. If the dealer sells \(50\) cars in total, what is the total profit of the dealer?

(1) \(20\) cars were sold for \(\$20,000.\)
(2) \(30\) cars were marked up \(30\%.\)

Answer: E

Source: e-GMAT
Source: — Data Sufficiency |