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A retailer marked up the cost of a coat by 20% when she first displaye
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27 Jan 2022, 22:41
27 Jan 2022, 22:41
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Question Stats:
77% (01:24) correct
22% (01:35) wrong based on 18 sessions
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A retailer marked up the cost of a coat by 20% when she first displayed it in her store. After several weeks, she reduced the selling price of the coat by 25%. If the retailer originally paid $50 for the coat, what will be her loss on the coat at the final price?
A $0
B $5
C $10
D $15
E $20
A $0
B $5
C $10
D $15
E $20
Re: A retailer marked up the cost of a coat by 20% when she first displaye
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29 Jan 2022, 20:48
29 Jan 2022, 20:48
1
Let's say the purchase price for retailer \(= x\)
Mark up by \(20\)% so marked up price \(= 1.2x\)
After some week, price reduces by \(25\)% so the new discounted price \(= 0.9x\)
Loss \(= 0.1x\)
Original cost \(x = 50\)
Loss will be \(10\)% of \(50\) \(= 5\)
Answer \(B\)
Mark up by \(20\)% so marked up price \(= 1.2x\)
After some week, price reduces by \(25\)% so the new discounted price \(= 0.9x\)
Loss \(= 0.1x\)
Original cost \(x = 50\)
Loss will be \(10\)% of \(50\) \(= 5\)
Answer \(B\)
Re: A retailer marked up the cost of a coat by 20% when she first displaye
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03 Apr 2024, 08:49
03 Apr 2024, 08:49
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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).
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