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Let the retail price be $x.NandishSS wrote:An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the whole price of the CD player, what was the stores profit as a percent of the original retail price?
A. 10%
B. 12%
C. 15%
D. 18%
E. 20%
OA:B
Source-GMATPrep EP2
Since the answer choices are PERCENTS, the given price can be ignored.NandishSS wrote:An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the whole price of the CD player, what was the stores profit as a percent of the original retail price?
A. 10%
B. 12%
C. 15%
D. 18%
E. 20%
We are given that the cost of the CD player was 60 dollars and that the store sold it at a 40 percent discount off the original retail price. If we let x = the original retail price, then the store sold the CD player for 0.6x dollars. Since the store made a 25% profit on the wholesale price, it made 0.25(60) = 15 dollars of profit. Since revenue - cost = profit, we can create the following equation:NandishSS wrote:An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the whole price of the CD player, what was the stores profit as a percent of the original retail price?
A. 10%
B. 12%
C. 15%
D. 18%
E. 20%
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