Take a Kick at this PS GMAT Question of the Day
Squares, Cubes, and GMAT Data Sufficiency
April 27, 2022Counting Sheep and GMAT Sentence Correction
May 4, 2022Take a Kick at this PS GMAT Question of the Day
Explanation
Let’s define selling price as Selling price = S, Purchasing price = P and Markup = M. We can summarize the information in the question stem as follows:
S = P + M P = 10 M = S/10
Therefore, S = 10 + S/10 10S = 100 + S or 9S = 100 S = 100/9
Profit = Markup = S/10 =10/9
The correct choice is C.
S = P + M P = 10 M = S/10
Therefore, S = 10 + S/10 10S = 100 + S or 9S = 100 S = 100/9
Profit = Markup = S/10 =10/9
The correct choice is C.
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