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# A used-car sold one car at a profit of 25 percent of the

Author Message
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Manager
Joined: 05 Jul 2006
Posts: 198
Followers: 1

Kudos [?]: 20 [0], given: 0

A used-car sold one car at a profit of 25 percent of the [#permalink]  08 Sep 2006, 09:54
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 1 sessions
A used-car sold one car at a profit of 25 percent of the dealer's purchase price for that car and sold another car at a loss of 20 percent of the dealer's purchase price for that car. if the dealer sold each car for \$20,000, what was the dealer's total profit or loss, in dollars, for the two transactions combined?

1000 profit
2000 profit
1000 loss
2000 loss
3334 loss
CEO
Joined: 20 Nov 2005
Posts: 2913
Schools: Completed at SAID BUSINESS SCHOOL, OXFORD - Class of 2008
Followers: 18

Kudos [?]: 119 [0], given: 0

For 1st car
1.25 x = 20000
x = 20000*4/5 = 16000
Profit on 1st car = 4000

For second car
0.8x = 20000
x = 20000*5/4
x = 25000
Loss on 2nd car = 5000

Finally a loss of 1000
_________________

SAID BUSINESS SCHOOL, OXFORD - MBA CLASS OF 2008

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26 A used car dealer sold one car at a profit of 25 percent of 12 23 Jul 2008, 21:15
A used car dealer sold one car at a profit of 25 percent of 3 04 Dec 2007, 23:09
An auto dealership sold one car with a 10% profit and one 5 11 Oct 2007, 18:40
A used-car dealer sold one car at a profit of 25% of the 5 12 May 2007, 14:12
An auto dealership sold one car making a 10% profit and one 6 13 Feb 2007, 21:46
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Given a text passage, determine:
    1. If it contains a mathematical question (including word problems or calculations)
    2. If an answer to that mathematical question is provided in the text

First, describe the content structure you found in 1-2 sentences.

Then provide your analysis in the following format:
TYPE: <one of the following values>
- NO_QUESTION
- SINGLE_QUESTION
- SINGLE_QUESTION_WITH_ANSWER
- MULTIPLE_QUESTIONS
- MULTIPLE_QUESTIONS_WITH_ANSWERS
system
Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 26 Apr 2015, 22:09

### 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
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Track

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# Events & Promotions

###### Events & Promotions in June
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# A used-car sold one car at a profit of 25 percent of the

Author Message
TAGS:
Manager
Joined: 05 Jul 2006
Posts: 198
Followers: 1

Kudos [?]: 20 [0], given: 0

A used-car sold one car at a profit of 25 percent of the [#permalink]  08 Sep 2006, 09:54
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 1 sessions
A used-car sold one car at a profit of 25 percent of the dealer's purchase price for that car and sold another car at a loss of 20 percent of the dealer's purchase price for that car. if the dealer sold each car for \$20,000, what was the dealer's total profit or loss, in dollars, for the two transactions combined?

1000 profit
2000 profit
1000 loss
2000 loss
3334 loss
CEO
Joined: 20 Nov 2005
Posts: 2913
Schools: Completed at SAID BUSINESS SCHOOL, OXFORD - Class of 2008
Followers: 18

Kudos [?]: 119 [0], given: 0

For 1st car
1.25 x = 20000
x = 20000*4/5 = 16000
Profit on 1st car = 4000

For second car
0.8x = 20000
x = 20000*5/4
x = 25000
Loss on 2nd car = 5000

Finally a loss of 1000
_________________

SAID BUSINESS SCHOOL, OXFORD - MBA CLASS OF 2008

Similar topics Replies Last post
Similar
Topics:
26 A used car dealer sold one car at a profit of 25 percent of 12 23 Jul 2008, 21:15
A used car dealer sold one car at a profit of 25 percent of 3 04 Dec 2007, 23:09
An auto dealership sold one car with a 10% profit and one 5 11 Oct 2007, 18:40
A used-car dealer sold one car at a profit of 25% of the 5 12 May 2007, 14:12
An auto dealership sold one car making a 10% profit and one 6 13 Feb 2007, 21:46
Display posts from previous: Sort by
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