GMAT Quantitative Reasoning Practice Test 5

Question : 48 of 100

Marks: +1, -0

An electronics dealer purchased a television set and then sold it. If the ratio of dealer’s gross profit on the television set to the dealer’s cost of the television set was 3 to 5, what was the ratio of the dealer’s gross profit on the television set tothe price at which the dealer sold the television set?

1 to 3
2 to 5
3 to 5
3 to 8
5 to 8

Validate

Solution:

Profit to cost = 3 to 5. Sale price = profit + cost

= 3 + 5 = 8

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