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A hardware store purchased identical snow shovels at a cost

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A hardware store purchased identical snow shovels at a cost [#permalink] New post 05 Jul 2018, 08:09
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A hardware store purchased identical snow shovels at a cost of $9 apiece and sold each of them for 20 percent above cost.

Quantity A
Quantity B
The price at which the hardware store sold each shovel
$10.80



A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
[Reveal] Spoiler: OA

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Re: A hardware store purchased identical snow shovels at a cost [#permalink] New post 06 Jul 2018, 06:48
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Carcass wrote:
A hardware store purchased identical snow shovels at a cost of $9 apiece and sold each of them for 20 percent above cost.

Quantity A
Quantity B
The price at which the hardware store sold each shovel
$10.80



A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.


CP is 9$

Profit = 20% =>1.2

SP = 1.2 * 9 = 10.8 each.

C.
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Re: A hardware store purchased identical snow shovels at a cost [#permalink] New post 06 Jul 2018, 11:22
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Carcass wrote:
A hardware store purchased identical snow shovels at a cost of $9 apiece and sold each of them for 20 percent above cost.

Quantity A
Quantity B
The price at which the hardware store sold each shovel
$10.80



A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.


Here,
we know

Selling price = Cost price + Profit

or \(SP =9 + (\frac{20}{100}* 9)\) (since the profit = 20% of cost price)

or \(SP = 9 + 1.8 = 10.8\)

Hence QTY A = QTY B

Moreover we know

\(SP = \frac{(100 + Profit %)}{100} * C.P\)

or \(SP = \frac{(100 + 20)}{100} * 9 = 1.2 * 9 = 10.8\)
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Re: A hardware store purchased identical snow shovels at a cost   [#permalink] 06 Jul 2018, 11:22
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A hardware store purchased identical snow shovels at a cost

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