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GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2508
Given Kudos: 1053
GPA: 3.39
A furniture dealer purchased a desk for $150 and then set the selling
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30 Apr 2022, 11:40
30 Apr 2022, 11:40
Expert Reply
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Question Stats:
25% (02:38) correct
75% (01:05) wrong based on 4 sessions
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A furniture dealer purchased a desk for $150 and then set the selling price equal to the purchase price plus a markup that was 40% of the selling price. If the dealer sold the desk at the selling price, what was the amount of the dealer's gross profit from the purchase and the sale of the desk?
A. $40
B. $60
C. $80
D. $90
E. $100
A. $40
B. $60
C. $80
D. $90
E. $100
Re: A furniture dealer purchased a desk for $150 and then set the selling
[#permalink]
05 May 2022, 22:14
05 May 2022, 22:14
Expert Reply
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Bookmarks
Purchase price = 150
Selling price = x
150 + 0.4*x = x
0.6*x = 150
x = 250
Profit = 250 - 150 = 100
Selling price = x
150 + 0.4*x = x
0.6*x = 150
x = 250
Profit = 250 - 150 = 100
gmatclubot
Re: A furniture dealer purchased a desk for $150 and then set the selling [#permalink]
05 May 2022, 22:14
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