Skip to Main Content

Source: Official Guide for GMAT Review 2016 Problem Solving; #195

▲

1

A photography dealer order 60 model X

A photography dealer order 60 model X cameras to be sold for $250 each, which represents a 20 percent markup over the dealer's initial cost for each camera. Of the cameras ordered, 6 were never sold and were returned to the manufacturer for a refund of 50 percent of the dealer's initial cost. What was the dealer's approximate profit or loss as a percent of the dealer's initial cost for the 60 cameras?

1 Explanation

▲

2

Mike McGarry, Magoosh Tutor

Aug 17, 2015 • Comment

Add Your Explanation

You must have a Magoosh account in order to leave an explanation.

Learn More About Magoosh

Official GMAT Material

Official Guide for GMAT Review 2016

Official Guide for the GMAT 13th Ed.

Official Guide for the GMAT 2015 14th Ed.

Nova's GRE Prep

Official Guide for the GMAT 12th Ed.

Revised GRE PDF 2nd Ed.

Section 5.3 Problem Solving

Improve Your Score

Magoosh GMAT is an affordable online course for studying the GMAT.

Learn More About Magoosh

Share Post

Return to Forum