a furniture dealer purchased a desk for $ 150 and then set the selling price equal to the purchase price plus a markup that was 20 % of the selling price. if the dealer sold the desk at the selling price, what was the amount of the dealer ' s gross profit from the purchase and the sale of the desk?
Pick one:
A) 45 %
B) 40 %
C) 35 %
D) 30 %
E) 25 %
<gadget id="calculator">20 / 100</gadget>
<output>1/5 = around 0.2</output>

<gadget id="calculator">1 - (1/5)</gadget>
<output>4/5 = around 0.8</output>

<gadget id="calculator">150 / (4/5)</gadget>
<output>375/2 = around 187.5</output>

<gadget id="calculator">(375/2) - 150</gadget>
<output>75/2 = around 37.5</output>

<gadget id="calculator">(75/2) * 100</gadget>
<output>3_750</output>

<gadget id="calculator">3_750 / 150</gadget>
<output>25</output>

<result>E</result>
a furniture dealer purchased a desk for $ 150 and then set the selling price equal to the purchase price plus a markup that was 20 % of the selling price. if the dealer sold the desk at the selling price, what was the amount of the dealer ' s gross profit from the purchase and the sale of the desk?
divide(multiply(subtract(divide(150, subtract(const_1, divide(20, const_100))), 150), const_100), 150)
anyway , in this question , there is no discount but the mark up is given as 40 % of the selling price . so it is not 20 % of $ 150 but instead , 20 % of selling price which is obtained by adding mark up to $ 150 . so if selling price is s , 150 + 20 % of s = s s = 150 / 0.8 profit = 150 / 0.8 - 150 = which is calculated on cost price in % terms . so 37.5 / 150 * 100 = 25 % is profit . e