Free Practice Question
PS · Problem Solving
705-805
percent
A salesman makes a loss of 20% based on the selling price of an article. if the cost price is 300 dollar , what is the selling price?
Answer Choices
Correct answer marked belowA
120
B
225
C
240
250
Correct
E
280
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Explanation
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Official Explanation
Official
Suppose selling price is ;
Loss =
Cost price = …
Loss =
Cost price = …
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What it tests
Your ability to apply GMAT math concepts to solve a multi-step problem quickly and accurately. At the 705-805 level, accuracy and speed both matter.
Common trap
Overcomplicating the setup — most GMAT problems reward a direct, organized approach over brute calculation.
Related GMAT Topic Guides
Quant
TopicGMAT Quantitative Reasoning
All Quant guidesDetails
Difficulty
705-805
Type
PS
Category