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Pls help !
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Hi himu,
Can you post the entire original prompt?
Some of what you've typed is unclear. When the question states that "the profit is 25%", does that refer to 25% of the sell price or 25% of the cost?
GMAT assassins aren't born, they're made,
Rich
Can you post the entire original prompt?
Some of what you've typed is unclear. When the question states that "the profit is 25%", does that refer to 25% of the sell price or 25% of the cost?
GMAT assassins aren't born, they're made,
Rich
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GMATGuruNY
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The intent of the problem seems to be as follows:
Total selling price of x shirts = total cost price of 25 shirts = 25*4 = $100.
Selling price per shirt = cost price per shirt + 25% markup = $4 + 25% of $4 = $5.
Thus:
x = (total selling price)/(selling price per shirt) = 100/5 = 20.
Let the cost price of each shirt = $4.At a certain store, the selling price of each shirt is equal to the cost price of each shirt plus a 25% markup. The total selling price of x shirts is equal to the total cost price of 25 shirts. What is the value of x?
Total selling price of x shirts = total cost price of 25 shirts = 25*4 = $100.
Selling price per shirt = cost price per shirt + 25% markup = $4 + 25% of $4 = $5.
Thus:
x = (total selling price)/(selling price per shirt) = 100/5 = 20.
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Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.
As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.
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mathrupradeep
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This is how I understood it.
Profit% = (profit/C.P) *100
S.P = C.P * 25 --- given
C.P = C.P * x
Substitute in the above formula..
(c*25 - c*x)/c*x= 1/5
on solving we get x=30
Profit% = (profit/C.P) *100
S.P = C.P * 25 --- given
C.P = C.P * x
Substitute in the above formula..
(c*25 - c*x)/c*x= 1/5
on solving we get x=30
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MBAisaMYTH
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Let S.P = S
Let C.P = C
Therefore, according to the ques, Sx = 25C
Now, Profit = S-C/C = 1/4
Solving this, 4S=5C
Multiply by 5, 20S=25C
Therefore, x=20
Let C.P = C
Therefore, according to the ques, Sx = 25C
Now, Profit = S-C/C = 1/4
Solving this, 4S=5C
Multiply by 5, 20S=25C
Therefore, x=20
