GMAT Quantitative Reasoning Practice Test 5

Question : 33 of 100

Marks: +1, -0

During a sale, an item that had a regular price of

3.60 was sold for

2.50. If the regular price of the item was equal to 225 percent of the cost of the item to the seller, what was the seller’s gross profit on the sale of the item?

$\$ 0.90$
$\$ 1.10$
$\$ 1.25$
$\$ 1.60$
$\$ 2.25$

Validate

Solution:

\;3.60=225 \%

of cost. Cost

=1.60

Profit

=

sales price

-

cost

\;2.50-1.60=0.90

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