GRE Prep Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
An art supply store buys a case of 144 pens at a wholesale p
[#permalink]
03 Feb 2020, 17:50
03 Feb 2020, 17:50
00:00
Question Stats:
90% (02:02) correct
10% (02:37) wrong based on 10 sessions
Hide Show timer Statistics
An art supply store buys a case of 144 pens at a wholesale price of $1 per pen. The pens are then offered for sale at a retail price 50% greater than the wholesale price. 100 of the pens are sold at this new price, and the remaining pens are sold at a 50% discount from the retail price. What is the store’s approximate profit on the pens, expressed as a percentage of the wholesale cost?
A. 30%
B. 40%
C. 50%
D. 60%
E. 70%
A. 30%
B. 40%
C. 50%
D. 60%
E. 70%
Show: ::
WILL BE GIVEN LATER
Re: An art supply store buys a case of 144 pens at a wholesale p
[#permalink]
05 Jul 2020, 10:32
05 Jul 2020, 10:32
Solution:
Data:
Pens bought: 144
Price per pen: $1
WholeSale cost: $144
Pens with a retail price 50% greater: 100
Price 50% greater: $1.5
Earnings: $150
Pens with a 50% of disccount from the retail price: 44
Price with a 50% of disccount: $1.5 /2
Earnings: $33
Profit= Earnings - Wholesalecost
Profit= 183 - 144
Profit= 39
Profit as a percentage of wholesale cost= 39/144 = 27.1
Answer: 30% aprox
Option A
Data:
Pens bought: 144
Price per pen: $1
WholeSale cost: $144
Pens with a retail price 50% greater: 100
Price 50% greater: $1.5
Earnings: $150
Pens with a 50% of disccount from the retail price: 44
Price with a 50% of disccount: $1.5 /2
Earnings: $33
Profit= Earnings - Wholesalecost
Profit= 183 - 144
Profit= 39
Profit as a percentage of wholesale cost= 39/144 = 27.1
Answer: 30% aprox
Option A
gmatclubot
Re: An art supply store buys a case of 144 pens at a wholesale p [#permalink]
05 Jul 2020, 10:32
Moderators:
