Hi Guys,
Can someone please help me out with this one ... i got it wrong
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spanlength
- Junior | Next Rank: 30 Posts
- Posts: 18
- Joined: Sat Mar 15, 2008 10:54 pm
As per the question CP = $150
Selling Price = $150 + MP
Now MP = 40% * SP . let MP = $x
x = 40/100(150 + x )
100x = 40*150 + 40 x
60x= 40* 150
x = 100.
Hence the profit is $100.Becoz the MP was the extra amt which the dealer got from the sale.
Hoep this answers this question.Plz give the OA.
Selling Price = $150 + MP
Now MP = 40% * SP . let MP = $x
x = 40/100(150 + x )
100x = 40*150 + 40 x
60x= 40* 150
x = 100.
Hence the profit is $100.Becoz the MP was the extra amt which the dealer got from the sale.
Hoep this answers this question.Plz give the OA.
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anjaligeorge1
- Senior | Next Rank: 100 Posts
- Posts: 66
- Joined: Wed Feb 20, 2008 6:23 pm
- Thanked: 2 times
Indeed the answer is $100. Thnksspanlength wrote:As per the question CP = $150
Selling Price = $150 + MP
Now MP = 40% * SP . let MP = $x
x = 40/100(150 + x )
100x = 40*150 + 40 x
60x= 40* 150
x = 100.
Hence the profit is $100.Becoz the MP was the extra amt which the dealer got from the sale.
Hoep this answers this question.Plz give the OA.
