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.
At the beginning of the year, the price of an item increased
[#permalink]
Updated on: 28 Aug 2019, 06:13
Updated on: 28 Aug 2019, 06:13
1
Bookmarks
00:00
Question Stats:
95% (00:47) correct
4% (01:11) wrong based on 24 sessions
Hide Show timer Statistics
At the beginning of the year, the price of an item increased by 30%. After the increased, an employee purchased it with a 40% discount. The price the employee paid was what percent below the original price?
Enter your value;
Enter your value;
Show: ::
22%
Re: At the beginning of the year, the price of an item increased
[#permalink]
27 Aug 2019, 16:52
27 Aug 2019, 16:52
huda wrote:
At the beginning of the year, the price of an item increased by 30%. After the increased, an employee purchased it with a 40% discount. The price the employee paid was what percent below the original price?
Enter your value;
Enter your value;
Show: ::
:)
Need an explanation.
Re: At the beginning of the year, the price of an item increased
[#permalink]
28 Aug 2019, 05:15
28 Aug 2019, 05:15
1
huda wrote:
huda wrote:
At the beginning of the year, the price of an item increased by 30%. After the increased, an employee purchased it with a 40% discount. The price the employee paid was what percent below the original price?
Enter your value;
Enter your value;
Show: ::
:)
Need an explanation.
Here,
For any percentage problem always compare with \(100\), for easy calculation
Let the price of the item = $\(100\)
Now, the price is increased by \(30\)%, the price of the item = \(100 * 1.3\)
Again price decreased by \(40\)% , the price of the item = \({100}*{1.3}*{0.6}\)
Final price = \({100}*{1.3}*{0.6} = 78\)
% Change = \(\frac{{100 -78}}{100}* 100 = 22\)%
The price paid by the employee was 22% below the original price
