medium · GMAT Quant
In a certain store, every item is sold at a price that includes a 25 percent markup over the cost.
If a customer buys an item for $100, what was the store's profit on that item?
In a certain store, every item is sold at a price that includes a 25 percent markup over the cost. If a customer buys an item for $100, what was the store's profit on that item?
- $20
- $25
- $15
- $30
- $75
Sign up free to see the explanation and track your rank →
More GMAT Quant practice
- Including both endpoints, how many distinct integer price points are in this range?
- Which of the following expressions must result in a positive value?
- Which property of arithmetic justifies that first step?
- Which of the following must also be an even integer?
- Which of the following inequalities correctly represents this range?
- Which of the following includes the number 0?
- How many unique meal combinations can a customer create?
- What is the probability that the lightbulb is functional?