The given question is a GMAT 500-600 level problem solving question from the topic Profit & Loss. This GMAT quant question tests the concept of computing the selling price of an article. An easy GMAT arithmetic word problem.
Question 11: Sam buys 10 apples for $1. At what price should he sell a dozen apples if he wishes to make a profit of 25%?
- $0.125
- $1.25
- $0.25
- $1.5
- $1.8
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The cost price of 1 apple = $\\frac{1}{10}) or $0.10. Because Sam wishes to make a profit of 25%, selling price per apple should be 0.10 + 25% of 0.10 = 0.1 + 0.025 = $0.125.
If the selling price of 1 apple is $0.125, the selling price of a dozen apples = 12 × 0.125 = $1.5
Selling price of a dozen apples is $1.5
Choice D is the correct answer.
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Pamela buys 10 apples for $2.00. At what price should she sell the 10 apples to earn a 100% profit?
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स्रोत : study.com
Sam buys 10 apples for Re. 1 . At what price should he sell a dozen apples if he wishes to make a profit of 25% ?
Click here👆to get an answer to your question ✍️ Sam buys 10 apples for Re. 1 . At what price should he sell a dozen apples if he wishes to make a profit of 25% ?
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स्रोत : www.toppr.com
Shyam buys 10 apples for Rs 1. At what price should he sell a dozen apples if he wishes to make a profit of 25%?
Answer (1 of 6): CP 10 apples= ₹1 or 100 paise CP per apple=10 paise CP 12 apples=120 paise Now in order to earn a profit of 25% he needs to sell a dozen at 125/100×120= 150 paise or ₹1.50
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