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?
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Rich
Pls help !
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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.
For more information, please email me (Mitch Hunt) at [email protected].
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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
