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During a sale, the local outlet of the Chasm sold three time
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14 Jun 2018, 14:16
14 Jun 2018, 14:16
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Question Stats:
62% (02:31) correct
37% (01:52) wrong based on 67 sessions
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During a sale, the local outlet of the Chasm sold three times as many jeans as chinos. If they made twice as much profit for a pair of chinos as for a pair of jeans, and sold no other items, what percent of their profits during the sale came from chinos?
(A) \(16 \frac{2}{3}\) %
(B) \(20\)%
(C) \(40\)%
(D) \(60\)%
(E) \(83 \frac{1}{3}\)%
(A) \(16 \frac{2}{3}\) %
(B) \(20\)%
(C) \(40\)%
(D) \(60\)%
(E) \(83 \frac{1}{3}\)%
Re: During a sale, the local outlet of the Chasm sold three time
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03 Jul 2018, 05:53
03 Jul 2018, 05:53
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sandy wrote:
During a sale, the local outlet of the Chasm sold three times as many jeans as chinos. If they made twice as much profit for a pair of chinos as for a pair of jeans, and sold no other items, what percent of their profits during the sale came from chinos?
(A) \(16 \frac{2}{3}\) %
(B) \(20\)%
(C) \(40\)%
(D) \(60\)%
(E) \(83 \frac{1}{3}\)%
(A) \(16 \frac{2}{3}\) %
(B) \(20\)%
(C) \(40\)%
(D) \(60\)%
(E) \(83 \frac{1}{3}\)%
Here ;
Let the no. of chinos sold = 10
Therefore no. of jeans sold = 3 * no. of chinos = 30
Let profit from 1 pair of jeans = $1
therefore for 30 jeans, profit = $30
and the profit for a pair of chinos = 2 * profit of jeans = 2* 1 = $2
therefore for 10 chinos, profit = $20
Now total profit = $50, out of which $20 is from the sale of chinos.
Hence percentage of profit from chinos = \(\frac{20}{50} = 40%\)
General Discussion
Re: During a sale, the local outlet of the Chasm sold three time
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05 Jul 2018, 01:54
05 Jul 2018, 01:54
Expert Reply
Explanation
If all the values given in a problem and its answers are percents, ratios, or fractions of some unknown, then the problem will probably be easiest to solve by stipulating values for the unknowns.
In this problem, the two ratios given are 3 : 1 (jeans sold : chinos sold) and 2 : 1 (profits per pair of chinos : profits per pair of jeans). The easiest numbers to stipulate are:
3 pairs of jeans sold
1 pair of chinos sold
$2 profit/pair of chinos
$1 profit/pair of jeans
This yields $2 profit from the chinos out of a total $5 in profit: 2/5 = 40%
Hence option C is correct!
If all the values given in a problem and its answers are percents, ratios, or fractions of some unknown, then the problem will probably be easiest to solve by stipulating values for the unknowns.
In this problem, the two ratios given are 3 : 1 (jeans sold : chinos sold) and 2 : 1 (profits per pair of chinos : profits per pair of jeans). The easiest numbers to stipulate are:
3 pairs of jeans sold
1 pair of chinos sold
$2 profit/pair of chinos
$1 profit/pair of jeans
This yields $2 profit from the chinos out of a total $5 in profit: 2/5 = 40%
Hence option C is correct!
