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# A merchant made a profit of $5 on the sale of a sweater that  Question banks Downloads My Bookmarks Reviews Important topics Author Message TAGS: Moderator Joined: 18 Apr 2015 Posts: 1273 Followers: 18 Kudos [?]: 139 [0], given: 716 A merchant made a profit of$5 on the sale of a sweater that [#permalink]  05 Jan 2017, 02:09
Expert's post
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Difficulty:

5% (low)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

A merchant made a profit of $5 on the sale of a sweater that cost the merchant$15. What is the profit expressed as % of the merchant's cost ?

[Reveal] Spoiler: OA
33%

_________________
Intern
Joined: 20 Nov 2016
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Kudos [?]: 1 [1] , given: 0

Re: A merchant made a profit of $5 on the sale of a sweater that [#permalink] 08 Jan 2017, 13:33 1 This post received KUDOS 33 SVP Joined: 07 Jun 2014 Posts: 1590 GRE 1: 323 Q167 V156 WE: Business Development (Energy and Utilities) Followers: 27 Kudos [?]: 472 [1] , given: 102 Re: A merchant made a profit of$5 on the sale of a sweater that [#permalink]  09 Jan 2017, 13:48
1
KUDOS
Expert's post
Explanation

The percent profit is (\frac{5}{15}) \times 100, which equals 33.333.., which equals 33.33333... . percent, which is 33%, to the nearest whole percent. Thus, the correct answer is 33% (or equivalent).

If you use the calculator and the Transfer Display button, the number that will be transferred to the answer box is 33.333333, which is incorrect since it is not given to the nearest whole percent. You will need to adjust the number in the answer box by deleting all of the digits to the right of the decimal point (using the Backspace key).

Also, since you are asked to give the answer as a percent, the decimal equivalent of 33 percent, which is 0.33, is incorrect. The percent symbol next to the answer box indicates that the form of the answer must be a percent. Entering 0.33 in the box would give the erroneous answer 0.33%.

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Sandy
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