Question 4 (nov.15th)

[bacali]

Martha bought an armchair and a coffee table at an auction and sold both items at her store. Her gross profit from the purchase and sale of the armchair was what percent greater than her gross profit from the purchase and sale of the coffee table?

1) Martha paid 10 percent more for the armchair than for the coffee table.
2) Martha sold the armchair for 20 percent more than she sold the coffee table.


OA: E

[cramya]

Very similar problem to
https://www.beatthegmat.com/percents-t22859.html

Since no base price is given the gross profit percentages will vary so we cannot get to one definite answer therefore insufficient

Let me know if u still have questions.