Entry Exam Category: College Admission Exams
Course: Accuplacer
Exam: Accuplacer Arithmetic Timed Practice Test
Practice Question
The chart above shows the store's cost and list price for three models of stoves sold by an appliance store.
During a 20 percent off sale, Gene bought a Model Y stove from this store. How much profit did the store
make on Gene's purchase? (Profit = Price paid - Store's cost)
During a 20 percent off sale, Gene bought a Model Y stove from this store. How much profit did the store
make on Gene's purchase? (Profit = Price paid - Store's cost)
Answer Choices
- A: $260
- B: $380
- C: $590
- D: $760
Correct Answer: D
Rationale: Identify the list price of Model Y
From the table, Model Y’s list price is $1,800 and the store’s cost is $850.
Apply the 20% discount
20% of $1,800 is:
0.20
×
1800
=
360
0.20×1800=360
So, the sale price Gene paid was:
1800
−
360
=
1440
1800−360=1440
Calculate the profit
Profit = Price Paid − Store’s Cost:
1440
−
850
=
590
1440−850=590