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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
The selling price of an exercise bike erepresents a 25%
[#permalink]
09 Aug 2021, 15:36
09 Aug 2021, 15:36
Expert Reply
4
Bookmarks
00:00
Question Stats:
59% (01:34) correct
40% (00:40) wrong based on 22 sessions
Hide Show timer Statistics
The selling price of an exercise bike represents a 25% markup from its original cost to the merchant
A. Quantity A is greater
B. Quantity B is greater
C. The two quantities are equal
D. The relationship cannot be determined from the information given
Quantity A |
Quantity B |
The % the markup is of the selling price |
20% |
A. Quantity A is greater
B. Quantity B is greater
C. The two quantities are equal
D. The relationship cannot be determined from the information given
Moderator
Joined: 02 Jan 2020
Status:GRE Quant Tutor
Posts: 1141
Given Kudos: 9
Location: India
Concentration: General Management
Schools: XLRI Jamshedpur, India - Class of 2014
GMAT 1: 700 Q51 V31
GPA: 2.8
WE:Engineering (Computer Software)
Re: The selling price of an exercise bike erepresents a 25%
[#permalink]
10 Aug 2021, 09:30
10 Aug 2021, 09:30
1
Let the Cost price(CP) be 100
The selling price of an exercise bike represents a 25% markup from its original cost to the merchant
=> Selling Price, SP = Cost Price + 25% of Cost Price
=> SP = 100 + 25% of 100 = 100 + \(\frac{25}{100}*100\) = 125
=> Markup = SP - CP = 25
Quantity A: The % the markup is of the selling price
\(\frac{Markup}{SP} \)* 100 = \(\frac{25}{125}*100\) = 20%
=> Quantity A = Quantity B
So, Answer will be C
Hope it helps!
The selling price of an exercise bike represents a 25% markup from its original cost to the merchant
=> Selling Price, SP = Cost Price + 25% of Cost Price
=> SP = 100 + 25% of 100 = 100 + \(\frac{25}{100}*100\) = 125
=> Markup = SP - CP = 25
Quantity A: The % the markup is of the selling price
\(\frac{Markup}{SP} \)* 100 = \(\frac{25}{125}*100\) = 20%
=> Quantity A = Quantity B
So, Answer will be C
Hope it helps!
gmatclubot
Re: The selling price of an exercise bike erepresents a 25% [#permalink]
10 Aug 2021, 09:30
Moderators:
