GRE® quant problem...

Sandeep64 · #1 (permalink) Sat May 24, 2008 20:12 pm *GRE quant problem...*

An electric meter is sold at a gain of 16%.if it were sold for 20$ more,there would have been a gain of 20%. find c.p ?

solution is:

Ajaygrewal · #2 (permalink) Sat Jun 21, 2008 19:42 pm *GRE quant problem...*

cp is 500....

since adding $20 will make the %age increase of 4 % , it means 20 is 4 % of the cp... so u can find the cp...

Xilla · #3 (permalink) Sun Jul 06, 2008 2:26 am *GRE quant problem...*

1.16X + 20 = 1.20X
X = 20 / .04
X = 500

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