Last visit was: 22 Nov 2024, 05:35 It is currently 22 Nov 2024, 05:35

Close

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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GRE score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Verbal Expert
Joined: 18 Apr 2015
Posts: 30003
Own Kudos [?]: 36350 [0]
Given Kudos: 25927
Send PM
avatar
Intern
Intern
Joined: 30 Dec 2020
Posts: 1
Own Kudos [?]: 1 [0]
Given Kudos: 4
Send PM
Manager
Manager
Joined: 25 Aug 2020
Posts: 80
Own Kudos [?]: 67 [0]
Given Kudos: 65
Send PM
avatar
Intern
Intern
Joined: 25 May 2021
Posts: 9
Own Kudos [?]: 1 [0]
Given Kudos: 1
Send PM
Re: A television with a list price of $300 is advertised at 15% [#permalink]
Can someone pls explain whether my understanding is correct or not?

List price is 300
We need to subtract discount of 15% on the list price which comes as 45.
255 (300-45) is what?? Is that the discounted price? or the sale price?
Sales tax of 6% should be always on the discounted price or the sale price?

Final cost is what? is that the sale price?
Verbal Expert
Joined: 18 Apr 2015
Posts: 30003
Own Kudos [?]: 36350 [0]
Given Kudos: 25927
Send PM
A television with a list price of $300 is advertised at 15% [#permalink]
Expert Reply
Making a bit of clearance on a very easy problem

300 is the starting price that is off 15%

300 * 0.85 = 255 This is the final price

However, we do want the price depured by the 6% of taxes so we must take out this 6% from 255 and making it net

255 * 0.94= 239.7 that is the net final price without the discount AND the taxes

239.7 < 273

The final cost reflects that discount and a 6% sales tax on the discounted price


The final cost is 239.7 that is the result of the 15% off and then the taxes 6%

B is the answer


See here about % https://gre.myprepclub.com/forum/gre-math- ... tml#p81625
avatar
Intern
Intern
Joined: 25 May 2021
Posts: 9
Own Kudos [?]: 1 [0]
Given Kudos: 1
Send PM
Re: A television with a list price of $300 is advertised at 15% [#permalink]
You wrote 255 is the final price. Does it mean 255 is the sale price or the discounted price?

Is it true that the sales tax will always be calculated on (the price we obtained after we deducted discount on the list price from the list price)

What is the sales price in the solution?
Verbal Expert
Joined: 18 Apr 2015
Posts: 30003
Own Kudos [?]: 36350 [0]
Given Kudos: 25927
Send PM
Re: A television with a list price of $300 is advertised at 15% [#permalink]
Expert Reply
It is the sale price DISCOUNTED or final price.
Prep Club for GRE Bot
Re: A television with a list price of $300 is advertised at 15% [#permalink]
Moderators:
GRE Instructor
84 posts
GRE Forum Moderator
37 posts
Moderator
1111 posts
GRE Instructor
234 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne