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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
1
mehrdadvlc wrote:
GeminiHeat wrote:
An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the wholesale price of the CD player, what was the store's profit as a percent of the original retail price?

A. 10%
B. 12%
C. 15%
D. 18%
E. 20%

There is a faster approach to this question.

The store purchased at 60$ and made a 25 percent profit when they sold it. So 60+(0.25)60=75
75 is the 40 percent discounted price of the original retail price. So x-(0.6)x=75, so x=125

The profit 25 is 12 percent of retail price 125. Option B


The portion in red is incorrect.
Here, profit = (selling price) - (wholesale price) = 75-60 = 15
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Re: An electronics store purchased a CD player at a wholesale price of 60$ [#permalink]
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