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The selling price of 15 items equals the cost of 20 items. W
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29 Apr 2019, 01:47
29 Apr 2019, 01:47
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Question Stats:
77% (01:07) correct
22% (01:26) wrong based on 35 sessions
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The selling price of 15 items equals the cost of 20 items. What is the percentage profit earned by the seller?
(A) 15
(B) 20
(C) 25
(D) 33.3
(E) 40
(A) 15
(B) 20
(C) 25
(D) 33.3
(E) 40
Re: The selling price of 15 items equals the cost of 20 items. W
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13 Oct 2019, 09:02
13 Oct 2019, 09:02
1
Let's call p the profit and c the cost of an item.
Then:
15(p + c) = 20c
15p = 5c
p = 1/3c
Thus, the profit is 33.3% of the cost of an item.
Answer is D.
Then:
15(p + c) = 20c
15p = 5c
p = 1/3c
Thus, the profit is 33.3% of the cost of an item.
Answer is D.
gmatclubot
Re: The selling price of 15 items equals the cost of 20 items. W [#permalink]
13 Oct 2019, 09:02
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