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The price of a pair of sneakers was $80 for the last six mon
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03 Feb 2020, 09:20
03 Feb 2020, 09:20
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The price of a pair of sneakers was $80 for the last six months of last year. On January first, the price increased 20%. After the price increase, an employee bought these sneakers with a 10% employee discount. What price did the employee pay?
A)$70.40
B)$82.00
C)$83.33
D)$86.40
E)$88.00
A)$70.40
B)$82.00
C)$83.33
D)$86.40
E)$88.00
Retired Moderator
Joined: 10 Apr 2015
Posts: 6218
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Re: The price of a pair of sneakers was $80 for the last six mon
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03 Feb 2020, 10:38
03 Feb 2020, 10:38
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souravp94 wrote:
The price of a pair of sneakers was $80 for the last six months of last year. On January first, the price increased 20%. After the price increase, an employee bought these sneakers with a 10% employee discount. What price did the employee pay?
A)$70.40
B)$82.00
C)$83.33
D)$86.40
E)$88.00
A)$70.40
B)$82.00
C)$83.33
D)$86.40
E)$88.00
On January first, the price increased 20%
New price = $80 + (20% of $80)
= $80 + $16
= $96
After the price increase, an employee bought these sneakers with a 10% employee discount. What price did the employee pay?
Employee discount price = $96 - (10% of $96)
= $96 - $9.6
= $86.40
Answer: D
Cheers,
Brent
Re: The price of a pair of sneakers was $80 for the last six mon
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14 Jul 2024, 20:10
14 Jul 2024, 20:10
Hello from the GRE Prep Club BumpBot!
Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
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Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
