Last visit was: 22 Dec 2024, 20:03 It is currently 22 Dec 2024, 20:03

Close

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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GRE score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Verbal Expert
Joined: 18 Apr 2015
Posts: 30475
Own Kudos [?]: 36822 [4]
Given Kudos: 26100
Send PM
avatar
Intern
Intern
Joined: 14 May 2019
Posts: 9
Own Kudos [?]: 12 [0]
Given Kudos: 0
Send PM
avatar
Intern
Intern
Joined: 19 May 2019
Posts: 3
Own Kudos [?]: 2 [1]
Given Kudos: 0
Concentration: Healthcare, Strategy
Send PM
Verbal Expert
Joined: 18 Apr 2015
Posts: 30475
Own Kudos [?]: 36822 [0]
Given Kudos: 26100
Send PM
Re: Miller sold apples at 125% of what it cost him. [#permalink]
1
Expert Reply
This problem is difficult as long as you do not know the % change in the various steps.

Cost price is 100. Selling price is 125

100 apples * 100 (cost)= 10,000

125*100 apples = 12,500

profit is 2,500

The selling price 125 the discount of 10% is 125 * 0.9 = 112,5 * 200 apples = 22,500

The cost of 100 apples * 200 = 20,000

The profit is equal.

The answer is C
Retired Moderator
Joined: 16 Apr 2020
Status:Founder & Quant Trainer
Affiliations: Prepster Education
Posts: 1546
Own Kudos [?]: 3266 [0]
Given Kudos: 172
Location: India
WE:Education (Education)
Send PM
Re: Miller sold apples at 125% of what it cost him. [#permalink]
Carcass wrote:
Miller sold apples at 125% of what it cost him.

Quantity A
Quantity B
The profit made by selling 100 apples
The profit made by selling 200 apples at a further 10% discount


A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.


Let the cost price of 1 apple be \(x\)
So, selling price of each apple is \(\frac{125}{100}x = 1.25x\)
After the discount of 10%, selling price of each apple = \(0.9(1.25x) = 1.125x\)

Profit = SP - CP

Col. A: \(100[1.25x - x] = 25x\)
Col. B: \(200[1.125x - x] = 25x\)

Hence, option C
Prep Club for GRE Bot
Re: Miller sold apples at 125% of what it cost him. [#permalink]
Moderators:
GRE Instructor
88 posts
GRE Forum Moderator
37 posts
Moderator
1115 posts
GRE Instructor
234 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne