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GRE 1: Q167 V156
WE:Business Development (Energy and Utilities)
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Re: A clothing store bought 100 shirts for $x. If the store sold [#permalink]
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The question asks for store’s profit per shirt

We have Cost Price of 100 shirts = x, so Cost Price of 1 shirt = x/100

Now, Sell Price of 100 shirts = $50, so Sell Price of 1 shirt = 50/100

Profit (in dollars)= S.P. - C.P. = 50/100 - x/100 => 0.5 - x/100.
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Re: A clothing store bought 100 shirts for $x. If the store sold [#permalink]
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I found this very confusing since "for a total of 50" and then mentioning profit after discussing costs could mean that the *profit* was 50; much easier when realizing that 50 was the total revenue. However, I don't know what would give it away that this is the case.
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Re: A clothing store bought 100 shirts for $x. If the store sold [#permalink]
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