Furniture dealer - from GMAT PREP

[robzoc]

I Need help understanding what this problem is asking and how to build the way to solve for the right answer.

thank you

A furniture dealer purchased a desk for $150 and then set the selling price equal to the purchase price plus a mrkup thas was 40 percent of the selling price. if the dealer sold the desk at the selling price, what was the amount of the dealer´s profit frmo the purchase and the sale of the desk ?

$40
$60
$80
$90
$100

OA= [spoiler]$100[/spoiler]

[dmateer25]

Let S = Selling Price

S = 150 + .4S

.6S = 150

S = 250

Profit = Selling Price - Purchase Price

Profit = 250 - 150

Profit = 100

[AbhinandanShah]

I Need help understanding what this problem is asking and how to build the way to solve for the right answer.

thank you

A furniture dealer

Quick way to solve this problem is to plug-in.

PP + plugin every answer choice here and calculate it's 40%

for (E), 150 + 100 = 250, it's 40% = 100 is nothing but the profit the seller makes... All other figures don't match or are awkward. HTH.

[vaniska]

If you need furniture in the location Mumbai, Maharashtra, India then feel free to contact me......

[sanju09]

If you need furniture in the location Mumbai, Maharashtra, India then feel free to contact me......

Thank Jesus for it was not a cemetery question

[gmatmachoman]

If you need furniture in the location Mumbai, Maharashtra, India then feel free to contact me......

Thank Jesus for it was not a cemetery question

hehehehe...What if the question is about Vegetables sanju???

[sanju09]

If you need furniture in the location Mumbai, Maharashtra, India then feel free to contact me......

Thank Jesus for it was not a cemetery question

hehehehe...What if the question is about Vegetables sanju???

tab toh teri chal niklegi tau...(in that case you'll be at the gainer's end, mate!)