GMAT Problem Solving

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Source: GWD

Level: 3

In 1995 a certain store had 1,800 tools in stock that had been purchased for $30 each. If 1,000 of these tools were sold in 1995 for $40 each and the remaining 800 were sold in 1996 for $50 each, how many greater was the gross profit on the tools sold in 1996 than the gross profit on those sold in 1995?

  • A 0
  • B 6000
  • C 8000
  • D 32000
  • E 40000

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