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A hardware store is selling a lawnmower for $300. If the store makes a
[#permalink]
27 Jan 2022, 22:27
27 Jan 2022, 22:27
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Question Stats:
54% (01:06) correct
45% (00:59) wrong based on 22 sessions
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A hardware store is selling a lawnmower for $300. If the store makes a 25% profit on the sale, what is the store’s cost for the lawnmower?
A $210
B $225
C $240
D $250
E $275
A $210
B $225
C $240
D $250
E $275
Re: A hardware store is selling a lawnmower for $300. If the store makes a
[#permalink]
27 Jan 2022, 22:45
27 Jan 2022, 22:45
1
Let x = Store's cost for the lawnmower
25% profit = 1 + .25 = 1.25
Selling price = 300
x(1.25) = 300
Divide both sides by 1.25:
300/1.25 = x
x = $240
25% profit = 1 + .25 = 1.25
Selling price = 300
x(1.25) = 300
Divide both sides by 1.25:
300/1.25 = x
x = $240
gmatclubot
Re: A hardware store is selling a lawnmower for $300. If the store makes a [#permalink]
27 Jan 2022, 22:45
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