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Source: Princeton Review
A certain used-book dealer sells paperback books at 3 times dealer's cost and hardback books at 4 times dealer's cost. Last week, the dealer sold a total of 120 books, each of which had cost the dealer $1. If the gross profit (sales revenue minus dealer's cost) on the sale of all of these books was $300, how many of the books sold were paperbacks?
A. 40
B. 60
C. 75
D. 90
E. 100
The OA is B
A certain used-book dealer sells paperback books at 3 times dealer's cost and hardback books at 4 times dealer's cost. Last week, the dealer sold a total of 120 books, each of which had cost the dealer $1. If the gross profit (sales revenue minus dealer's cost) on the sale of all of these books was $300, how many of the books sold were paperbacks?
A. 40
B. 60
C. 75
D. 90
E. 100
The OA is B
