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A merchant marks the price of an article 35% above its actual cost an
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18 Jun 2024, 23:11
18 Jun 2024, 23:11
Expert Reply
00:00
Question Stats:
54% (02:24) correct
45% (02:37) wrong based on 11 sessions
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A merchant marks the price of an article 35% above its actual cost and then offers some discount on the marked price to gain a profit of 20%. What percentage is the selling price of the article less than the marked price?
A. 10%
B. 11.11%
C. 15%
D. 22.22%
E. 25%
A. 10%
B. 11.11%
C. 15%
D. 22.22%
E. 25%
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Free Materials for the GRE General Exam - Where to get it!!
Shorter GRE - Preparing for the Quantitative Reasoning Measure
Shorter GRE - Preparing for the Verbal Reasoning Measure
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Free Materials for the GRE General Exam - Where to get it!!
Shorter GRE - Preparing for the Quantitative Reasoning Measure
Shorter GRE - Preparing for the Verbal Reasoning Measure
Re: A merchant marks the price of an article 35% above its actual cost an
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29 Jul 2024, 23:38
29 Jul 2024, 23:38
Explanation Please?
A merchant marks the price of an article 35% above its actual cost an
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30 Jul 2024, 03:07
30 Jul 2024, 03:07
1
Expert Reply
100 is the starting value
+ 35% =135
The price to sell is 100 + the profit of 20% =120
Percentage change
\(\frac{135-120}{135}=11.11\) %
+ 35% =135
The price to sell is 100 + the profit of 20% =120
Percentage change
\(\frac{135-120}{135}=11.11\) %
