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GAT General Quantitative Reasoning QUESTION #94
Question 1
If pencils are bought at 35 cents per dozen and sold at 3 for 10 cents the total profit on 5 1/2 dozen is
  • 25 cents
  • 27.5 cents(Correct)
  • 30 cents
  • 35 cents
Correct Answer Explanation
Cost per dozen = 35c. Sales price per 12 pencils = (12/3) * 10c = 40c. Profit per dozen = 40c - 35c = 5c. Total profit for 5.5 dozen = 5.5 * 5 = 27.5 cents.