hard · GMAT Quant

A merchant buys a crate of 100 apples for $50. Of these, 10% are rotten and cannot be sold.

At what price per apple must the merchant sell the remaining apples to achieve a 44% profit margin on the total cost?

  1. $0.72
  2. $0.55
  3. $0.88
  4. $0.80
  5. $0.66

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