# GMAT Quant Questions | Profit Loss Q11

#### GMAT Sample Questions | GMAT Arithmetic Word Problem

The given question is a GMAT 500-600 level problem solving question from the topic Profit & Loss. This GMAT quant question tests the concept of computing the selling price of an article. An easy GMAT arithmetic word problem.

Question 11: Sam buys 10 apples for $1. At what price should he sell a dozen apples if he wishes to make a profit of 25%? 1.$0.125
2. $1.25 3.$0.25
4. $1.5 5.$1.8

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### Explanatory Answer | GMAT Profit Loss Q11

The cost price of 1 apple = $$$frac{1}{10}$ or$0.10. Because Sam wishes to make a profit of 25%, selling price per apple should be 0.10 + 25% of 0.10 = 0.1 + 0.025 = $0.125. If the selling price of 1 apple is$0.125, the selling price of a dozen apples = 12 × 0.125 = $1.5 Selling price of a dozen apples is$1.5 #### Choice D is the correct answer. #### GMAT Online CourseTry it free! Register in 2 easy steps and Start learning in 5 minutes! #### Already have an Account? #### GMAT Live Online Classes Next Batch June 8, 2024 ## Additional Practice Questions in Ratio Proportion, Mixtures, Percents, Fractions, Profits, and Interest Work @ Wizako ##### How to reach Wizako? Mobile:$91) 95000 48484
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