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GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2508
Given Kudos: 1053
GPA: 3.39
A stereo was marked down by 30% and sold for $84. What was the presale
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23 Feb 2021, 07:00
23 Feb 2021, 07:00
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Question Stats:
93% (00:40) correct
6% (00:44) wrong based on 15 sessions
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A stereo was marked down by 30% and sold for $84. What was the presale price of the stereo?
A. $64
B. $90
C. $110
D. $120
E. $124
A. $64
B. $90
C. $110
D. $120
E. $124
Re: A stereo was marked down by 30% and sold for $84. What was the presale
[#permalink]
23 Feb 2021, 07:38
23 Feb 2021, 07:38
1
Marked down by 30%
Hence the selling price will be 70% of the cost price
SP = 70% * CP
84 = 70% * CP
CP = 120
Answer D
Hence the selling price will be 70% of the cost price
SP = 70% * CP
84 = 70% * CP
CP = 120
Answer D
Re: A stereo was marked down by 30% and sold for $84. What was the presale
[#permalink]
23 Feb 2021, 09:10
23 Feb 2021, 09:10
1
84 / (1 - 0.30) = 84 / 0.70 = 120 Answer (D)
