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The original selling price of an item at a store is 40 percent more th
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24 May 2023, 06:09
24 May 2023, 06:09
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Question Stats:
60% (01:22) correct
40% (01:46) wrong based on 5 sessions
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The original selling price of an item at a store is 40 percent more than the cost of the item to the retailer. If the retailer reduces the price of the item by 15 percent of the original selling price, then the difference between the reduced price and the cost of the item to the retailer is what percent of the cost of the item to the retailer?
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Re: The original selling price of an item at a store is 40 percent more th
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28 May 2023, 02:03
28 May 2023, 02:03
Expert Reply
OE
Plug In $100 for the cost of the item to the retailer. Therefore, the original selling price is $140, or 40 percent more than the retail price. To find the reduced price, subtract 15 percent of $140 from $140 to get $119. The difference between the reduced price and the cost of the item to the retailer is then $119 − $100 = $19. Therefore, the question is asking what percent of 100 is 19. The correct answer is 19 percent.
Plug In $100 for the cost of the item to the retailer. Therefore, the original selling price is $140, or 40 percent more than the retail price. To find the reduced price, subtract 15 percent of $140 from $140 to get $119. The difference between the reduced price and the cost of the item to the retailer is then $119 − $100 = $19. Therefore, the question is asking what percent of 100 is 19. The correct answer is 19 percent.
gmatclubot
Re: The original selling price of an item at a store is 40 percent more th [#permalink]
28 May 2023, 02:03
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