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.
Retired Moderator
Joined: 16 Apr 2020
Status:Founder & Quant Trainer
Affiliations: Prepster Education
Posts: 1546
Given Kudos: 172
Location: India
WE:Education (Education)
A customer asked the store manager for a 20% discount on the listed
[#permalink]
29 Sep 2021, 10:14
29 Sep 2021, 10:14
1
6
Bookmarks
00:00
Question Stats:
41% (02:36) correct
58% (01:58) wrong based on 31 sessions
Hide Show timer Statistics
A customer asked the store manager for a 20% discount on the listed price of a pen. Also, he wanted 2 pens free of cost for every 10 pens he will purchase. The manager agreed to his demand and made a profit of 20% on the cost price which is $\(x\).
A. Quantity A is greater
B. Quantity B is greater
C. The two quantities are equal
D. The relationship cannot be determined from the information given
Quantity A |
Quantity B |
Listed price in terms of \(x\) |
1.55 |
A. Quantity A is greater
B. Quantity B is greater
C. The two quantities are equal
D. The relationship cannot be determined from the information given
Retired Moderator
Joined: 19 Nov 2020
Posts: 326
Given Kudos: 64
GRE 1: Q160 V152
A customer asked the store manager for a 20% discount on the listed
[#permalink]
29 Sep 2021, 10:46
29 Sep 2021, 10:46
2
If \(p\) is price and \(x\) is cost, then profit will be \(10p-12x\)
it's 12x, as 2 pen items are not charged any price
hence, \((0.8*10p-12x)/12x=0.2\), \(8p=14.4x\) and \(p=1.8x\)
Quantity A: the listed price in terms of x is 1.8
Quantity B: 1.55
IMO answer is A
it's 12x, as 2 pen items are not charged any price
hence, \((0.8*10p-12x)/12x=0.2\), \(8p=14.4x\) and \(p=1.8x\)
Quantity A: the listed price in terms of x is 1.8
Quantity B: 1.55
IMO answer is A
KarunMendiratta wrote:
A customer asked the store manager for a 20% discount on the listed price of a pen. Also, he wanted 2 pens free of cost for every 10 pens he will purchase. The manager agreed to his demand and made a profit of 20% on the cost price which is $\(x\).
A. Quantity A is greater
B. Quantity B is greater
C. The two quantities are equal
D. The relationship cannot be determined from the information given
Quantity A |
Quantity B |
Listed price in terms of \(x\) |
1.55 |
A. Quantity A is greater
B. Quantity B is greater
C. The two quantities are equal
D. The relationship cannot be determined from the information given
Re: A customer asked the store manager for a 20% discount on the listed
[#permalink]
29 Aug 2024, 04:28
29 Aug 2024, 04:28
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).
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.
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.
