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A toy store regularly sells all stock at a discount of 20 percent to 4
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08 Jun 2022, 03:00
08 Jun 2022, 03:00
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Question Stats:
83% (01:25) correct
16% (02:08) wrong based on 18 sessions
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A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?
A. $5.60
B. $7.20
C. $8.80
D. $9.60
E. $15.20
A. $5.60
B. $7.20
C. $8.80
D. $9.60
E. $15.20
Part of the project: GRE QCQ & PS 3 Questions Every One DAILY Challenge - (2022)
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GRE Math Essentials for a TOP Quant Score - Q170!!! (2021)
GRE Geometry Formulas for a Q170
GRE - Math Book
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
GRE Math Essentials for a TOP Quant Score - Q170!!! (2021)
GRE Geometry Formulas for a Q170
GRE - Math Book
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Re: A toy store regularly sells all stock at a discount of 20 percent to 4
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08 Jun 2022, 05:27
08 Jun 2022, 05:27
1
Carcass wrote:
A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?
A. $5.60
B. $7.20
C. $8.80
D. $9.60
E. $15.20
A. $5.60
B. $7.20
C. $8.80
D. $9.60
E. $15.20
To get the LOWEST possible price (after the two discounts), we must apply the biggest discount (which is a 40% discount)
So, AFTER the 40% discount, customers will pay 60% of the original price.
60% of $16 = (0.6)($16) = $9.60
So, the discounted price is $9.60
AFTER the additional 25% discount, customers will pay 75% of the original price.
75% of $9.60 = (0.75)($9.60) = $7.20
Answer: B
Re: A toy store regularly sells all stock at a discount of 20 percent to 4
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10 Jun 2022, 03:17
10 Jun 2022, 03:17
1
Maximum discount possible is 40%, so:
[16*(1-0.40)]*(1-0.25) = 7.2
The answer is (B)
[16*(1-0.40)]*(1-0.25) = 7.2
The answer is (B)
