GRE : Quantitative Comparison Problem
A merchant made a profit of $2.75 on the sale price of a sweater that cost the merchant $12.25. Column A : The Profit expressed as a percent of the cost to the merchant Column B : The Profit expressed as a percent of the sale price The cost of the sweater is = $12.25 The profit made by the merchant = $2.75 SO, the sale price is = $12.25 + $2.75 = $15.00 A= The expressed as a percent of the cost is = $2.75/$12.25 = $2.75/$12.25 = 2.75/12.25 = 0.224 A = 0.224 B= The Profit expressed as a percent of the sale price = $2.75/$15.00 = $2.75/$15.00 = 2.75/15.00 = 0.183 B = 0.183 Since A is greater than B, the answer is A. This is the Quantitative Comparison Problem. Understand the basic mathematical principles behind this problem and other problems.
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