GMAT Prep - Profit (Missing info???)

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GMAT Prep - Profit (Missing info???)

by rosh26 » Sat Jun 28, 2008 8:57 pm
I really felt this question was missing information about the cost to retailor...
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GMAT Prep 1 (3) Profit.JPG

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by beeparoo » Sat Jun 28, 2008 9:15 pm
P = profit, C = cost to retailer

P = (1/4)C

P = 80 - C = 80 - 4P
P = 80/5 = 16