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A retailer purchases shirts from a wholesaler and then sells the shirt
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15 Oct 2022, 03:54
15 Oct 2022, 03:54
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Question Stats:
89% (01:14) correct
10% (02:11) wrong based on 19 sessions
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A retailer purchases shirts from a wholesaler and then sells the shirts in her store at a retail price that is 80 percent greater than the wholesale price. If the retailer decreases the retail price by 30 percent this will have the same effect as increasing the wholesale price by what percent?
(A) 26
(B) 37.5
(C) 42
(D) 44
(E) 50
(A) 26
(B) 37.5
(C) 42
(D) 44
(E) 50
Part of the project: GRE QCQ & PS 3 Questions Every One DAILY Challenge - (2022) - Gain 20 Kudos & Get FREE Access to GRE Prep Club TESTS
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GRE Math Essentials (2022)
GRE Geometry Formulas
GRE - Math Book
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GRE Math Essentials (2022)
GRE Geometry Formulas
GRE - Math Book
Re: A retailer purchases shirts from a wholesaler and then sells the shirt
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15 Oct 2022, 08:24
15 Oct 2022, 08:24
1
Let r= retail price , wholesale price =w
r1=1.8w
r2= (0.7)(1.8w)= 1.26w
Wholesale increases by 26%
Answer A
Posted from my mobile device
r1=1.8w
r2= (0.7)(1.8w)= 1.26w
Wholesale increases by 26%
Answer A
Posted from my mobile device
Re: A retailer purchases shirts from a wholesaler and then sells the shirt
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08 Oct 2023, 21:46
08 Oct 2023, 21:46
The answer is (A) 26%.
