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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?

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2

Gravatar Mike McGarry, Magoosh Tutor

Aug 17, 2015 • Comment

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Section 5.3 Problem Solving

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