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# Neel is a distributor and Nick is a retailer. Neel purchased

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Neel is a distributor and Nick is a retailer. Neel purchased [#permalink]  15 May 2019, 05:39
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Question Stats:

100% (00:10) correct 0% (00:00) wrong based on 2 sessions
Neel is a distributor and Nick is a retailer. Neel purchased electronic shavers of a particular type at \$4 a piece and sold all of them to Nick at \$6 a piece.

Nick sold all the shavers at \$8 a piece to consumers.

The percentage of profit is defined as profit/cost * 100

 Quantity A Quantity B The percentage of profit that Neel made in the deal The percentage of profit that Nick made in the deal

A) Quantity A is greater.
B) Quantity 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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MyGuru Representative
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Location: United States
GMAT 1: 770 Q51 V44
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Re: Neel is a distributor and Nick is a retailer. Neel purchased [#permalink]  15 May 2019, 11:27
Expert's post
Quote:
Neel is a distributor and Nick is a retailer. Neel purchased electronic shavers of a particular type at \$4 a piece and sold all of them to Nick at \$6 a piece.

Nick sold all the shavers at \$8 a piece to consumers.

The percentage of profit is defined as profit/cost * 100

 Quantity A Quantity B The percentage of profit that Neel made in the deal The percentage of profit that Nick made in the deal

The most efficient method for any Quantitative Comparison is to approach the information mathematically, so simply complete the algebra for both quantities.

Quantity A: Neel profit = 2 | Neel cost = 4 | Neel percent profit = 2/4 x 100 = 50%

Quantity B: Nick profit = 2 | Nick cost = 6 | Nick percent profit = 2/6 x 100 = 33.33%

Quantity A is greater, so select choice A.
_________________

Stefan Maisnier

Re: Neel is a distributor and Nick is a retailer. Neel purchased   [#permalink] 15 May 2019, 11:27
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