Free Practice Question
PS · Problem Solving
705-805
percent
In a recurring manufacture–to–sale cycle, a toy manufacturer sells a type of toys to a retailer at a profit that varies between 50% and 60%, depending on the size of the retailer’s order (the retailer gets a proportional discount for bulk purchase of toys). The retailer marks up the price of these toys by 20% to 40% depending on the location of his different shops. The retailer then offers a discount, across all shops, of either 10% or $15 on the purchase of a toy to the customer. If the manufacturer incurs a cost of $100 to manufacture a toy, the profit earned by the retailer per toy must be between:
Answer Choices
Sign in to reveal the correct answerA
$12 and $45
B
$15 and $45
C
$12 and $49
D
$17 and $49
E
$17 and $45
Reveal the correct answer
Sign in for free to check your answer and unlock the full explanation.
Track your performance and improve
Get detailed analytics, unlock full explanations, and move up difficulty tiers as you practice.
Explanation
Unlock the full explanation
Create a free account to reveal the correct answer, see the step-by-step explanation, and start tracking your GMAT progress.
Comments
Sign in to join the discussion
No comments yet
Be the first to share your thoughts and help others understand it better.
Sign in to commentDetails
Difficulty
705-805
Type
PS
Category