GMAT Quantitative Reasoning Practice Test 1

Question : 36 of 100

Marks: +1, -0

Loren bought a roll of cloth and sold it for a

5 \%

profit based on the selling price. If Loren's profit was

\$ 45.5

total on the cloth, how much did it cost her to buy the cloth?

Solution:

5 \%

of the total price of the cloths is 45.5 dollars, multiply this number to get the entire

100 \%

of the total selling price:

(45.5 × 20=\$ 910)

. Now subtract the profit

\$ 45.5

to get the cost:

910-45.5=\$ 864.5

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