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.
A toy store regularly sells all stock at a discount of 20 percent to 4
[#permalink]
08 Jun 2022, 03:00
08 Jun 2022, 03:00
Expert Reply
2
Bookmarks
00:00
Question Stats:
84% (01:26) correct
15% (02:08) wrong based on 19 sessions
Hide Show timer Statistics
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)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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
Retired Moderator
Joined: 10 Apr 2015
Posts: 6218
Given Kudos: 136
Re: A toy store regularly sells all stock at a discount of 20 percent to 4
[#permalink]
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
[#permalink]
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)
