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100 points for $49 worth of Veritas practice GMATs FREE VERITAS PRACTICE GMAT EXAMS Earn 10 Points Per Post Earn 10 Points Per Thanks Earn 10 Points Per Upvote ## A merchant gets a 5% discount on each meter . . . . tagged by: VJesus12 ##### This topic has 2 expert replies and 0 member replies ## A merchant gets a 5% discount on each meter . . . . A merchant gets a 5% discount on each meter of fabric he buys after the first 2,000 meters and a 7% discount on every meter after the next 1,500 meters. The price, before discount, of one meter of fabric is$2, what is the total amount of money the merchant spends on 4,500 meters of fabric?

A. $8,617 B.$8,710
C. $8,810 D.$8,835

For the next 1000 meters, there is a discount of 7%. Hence, the cost is $2*(1000)*93% =$2000*93/100 = $1860. Therefore, the total amount spent is$4000 + $2850 +$1860 = $8710. This is why the correct answer is the option B. I hope this answer can help you. I'm available if you'd like a follow-up. Regards. _________________ GMAT Prep From The Economist We offer 70+ point score improvement money back guarantee. Our average student improves 98 points. Free 7-Day Test Prep with Economist GMAT Tutor - Receive free access to the top-rated GMAT prep course including a 1-on-1 strategy session, 2 full-length tests, and 5 ask-a-tutor messages. Get started now. ### GMAT/MBA Expert GMAT Instructor Joined 25 Apr 2015 Posted: 2950 messages Followed by: 19 members Upvotes: 43 VJesus12 wrote: A merchant gets a 5% discount on each meter of fabric he buys after the first 2,000 meters and a 7% discount on every meter after the next 1,500 meters. The price, before discount, of one meter of fabric is$2, what is the total amount of money the merchant spends on 4,500 meters of fabric?

A. $8,617 B.$8,710
C. $8,810 D.$8,835
E. $8,915 The first 2000 meters cost 2000 x 2 = 4000 dollars. The next 1500 meters cost 0.95 x 2 x 1500 = 2850 dollars. The last 1000 meters cost 0.93 x 2 x 1000 = 1860 dollars. So the total cost of the 4500 meters of fabric is 4000 + 2850 + 1860 = 8710 dollars. Answer: B _________________ Scott Woodbury-Stewart Founder and CEO scott@targettestprep.com See why Target Test Prep is rated 5 out of 5 stars on BEAT the GMAT. Read our reviews • Award-winning private GMAT tutoring Register now and save up to$200

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