It is currently 21 Oct 2020, 13:27
My Tests

MBA Spotlight Concludes!

Thanks for Incredible Response. Regional Fairs Start Monday: East CoastWest CoastLatin AmericaMiddle East & Africa


Close

GMAT 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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

A clothing store bought 100 shirts for $x. If the store sold

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
1 KUDOS received
Retired Moderator
User avatar
Joined: 07 Jun 2014
Posts: 4803
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 173

Kudos [?]: 2970 [1] , given: 394

A clothing store bought 100 shirts for $x. If the store sold [#permalink] New post 19 Aug 2018, 03:38
1
This post received
KUDOS
Expert's post
00:00

Question Stats:

60% (01:02) correct 39% (01:06) wrong based on 53 sessions
A clothing store bought 100 shirts for $x. If the store sold all of the shirts at the same price for a total of $50, what is the store’s profit per shirt, in dollars, in terms of x?

(A) \(50 - \frac{x}{100}\)
(B) \(50 - x\)
(C) \(5 - x\)
(D) \(0.5 - x\)
(E) \(0.5 - \frac{x}{100}\)
[Reveal] Spoiler: OA

_________________

Sandy
If you found this post useful, please let me know by pressing the Kudos Button

Try our free Online GRE Test

Intern
Intern
Joined: 19 Oct 2018
Posts: 1
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: A clothing store bought 100 shirts for $x. If the store sold [#permalink] New post 19 Oct 2018, 13:44
Hi!

How do you do the work for this problem? Anyone know?
2 KUDOS received
Supreme Moderator
Joined: 01 Nov 2017
Posts: 371
Followers: 12

Kudos [?]: 180 [2] , given: 4

Re: A clothing store bought 100 shirts for $x. If the store sold [#permalink] New post 19 Oct 2018, 19:55
2
This post received
KUDOS
Expert's post
ayesupatham wrote:
Hi!

How do you do the work for this problem? Anyone know?



Hi,

It is quite straightforward forward and you can do it in two ways..
1) Algebraic..
100 for X but sold for 50..
Thus overall profit is (50-x)..
But we are looking for profit per piece = \(\frac{50-x}{100}=0.5-\frac{X}{100}\)
E
2) substitute a value for X
Let X = 40
So profit = 50-40=10
Per piece = 10/100=0.1
Check choices for this answer..
Only E gives you 0.1 as answer 0.5-40/100=0.5-0.4=0.1
E
_________________

Some useful Theory.
1. Arithmetic and Geometric progressions : https://greprepclub.com/forum/progressions-arithmetic-geometric-and-harmonic-11574.html#p27048
2. Effect of Arithmetic Operations on fraction : https://greprepclub.com/forum/effects-of-arithmetic-operations-on-fractions-11573.html?sid=d570445335a783891cd4d48a17db9825
3. Remainders : https://greprepclub.com/forum/remainders-what-you-should-know-11524.html
4. Number properties : https://greprepclub.com/forum/number-property-all-you-require-11518.html
5. Absolute Modulus and Inequalities : https://greprepclub.com/forum/absolute-modulus-a-better-understanding-11281.html

1 KUDOS received
Intern
Intern
Joined: 10 Oct 2020
Posts: 13
Followers: 0

Kudos [?]: 7 [1] , given: 0

Re: A clothing store bought 100 shirts for $x. If the store sold [#permalink] New post 10 Oct 2020, 04:45
1
This post received
KUDOS
The question asks for store’s profit per shirt

We have Cost Price of 100 shirts = x, so Cost Price of 1 shirt = x/100

Now, Sell Price of 100 shirts = $50, so Sell Price of 1 shirt = 50/100

Profit (in dollars)= S.P. - C.P. = 50/100 - x/100 => 0.5 - x/100.
Re: A clothing store bought 100 shirts for $x. If the store sold   [#permalink] 10 Oct 2020, 04:45
Display posts from previous: Sort by

A clothing store bought 100 shirts for $x. If the store sold

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GRE Prep Club Forum Home| About| Terms and Conditions and Privacy Policy| GRE Prep Club Rules| Contact

Powered by phpBB © phpBB Group

Kindly note that the GRE® test is a registered trademark of the Educational Testing Service®, and this site has neither been reviewed nor endorsed by ETS®.