GRE Prep Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
A discount of 5 percent on the listed price of an article was offered,
[#permalink]
05 Jan 2024, 00:32
05 Jan 2024, 00:32
Expert Reply
1
Bookmarks
00:00
Question Stats:
75% (01:41) correct
25% (01:08) wrong based on 12 sessions
Hide Show timer Statistics
A discount of 5 percent on the listed price of an article was offered, reducing the profit by $120 that could have been earned if it were sold at the listed price.
A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
Quantity A |
Quantity B |
The actual price at which the article was sold |
$2,000 |
A) Quantity A is greater.
B) Quantity B is greater.
C) The two quantities are equal.
D) The relationship cannot be determined from the information given.
Part of the project: The Butler-GRE Daily New Quant and Verbal Questions to Practice (2023) - Gain 20 Kudos & Get FREE Access to GRE Prep Club TESTS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Free Materials for the GRE General Exam - Where to get it!!
GRE Geometry Formulas
GRE - Math Book
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Free Materials for the GRE General Exam - Where to get it!!
GRE Geometry Formulas
GRE - Math Book
Manager
Joined: 11 Nov 2023
Posts: 228
Given Kudos: 78
WE:Business Development (Advertising and PR)
Re: A discount of 5 percent on the listed price of an article was offered,
[#permalink]
19 Jan 2024, 15:55
19 Jan 2024, 15:55
1
1
Bookmarks
Let L = the listed price of the article, c = cost of the article, and p = profit made selling the article at the listed price.
L - c = p
0.95L - c = p - 120
0.05L = 120
L = 2400
With the 5 percent discount, the actual price at which the article was sold is 0.95 * L = 2280.
Since 2280 > 2000, Quantity A is greater.
L - c = p
0.95L - c = p - 120
0.05L = 120
L = 2400
With the 5 percent discount, the actual price at which the article was sold is 0.95 * L = 2280.
Since 2280 > 2000, Quantity A is greater.
gmatclubot
Re: A discount of 5 percent on the listed price of an article was offered, [#permalink]
19 Jan 2024, 15:55
Moderators:
