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A merchant raises the price of a $100 item by 20%. After finding that she cannot sell the item at the higher price, she

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by BTGmoderatorDC » Tue Dec 08, 2020 6:16 pm

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Answers

A

B

C

D

E

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Difficulty—

A merchant raises the price of a $100 item by 20%. After finding that she cannot sell the item at the higher price, she discounts it by 20%. What is the final price of the item?

A. $96
B. $97
C. $98
D. $99
E. $100



OA A

Source: Princeton Review
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Re: A merchant raises the price of a $100 item by 20%. After finding that she cannot sell the item at the higher price,

by swerve » Wed Dec 09, 2020 4:33 pm
BTGmoderatorDC wrote: ↑
Tue Dec 08, 2020 6:16 pm
 A merchant raises the price of a $100 item by 20%. After finding that she cannot sell the item at the higher price, she discounts it by 20%. What is the final price of the item?

A. $96
B. $97
C. $98
D. $99
E. $100



OA A

Source: Princeton Review
Here, we have

\(100 \cdot \dfrac{120}{100} = 120\)

\(120 \cdot \dfrac{80}{100} = 96\)

Therefore, A
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Re: A merchant raises the price of a $100 item by 20%. After finding that she cannot sell the item at the higher price,

by Scott@TargetTestPrep » Wed Dec 16, 2020 11:20 am
BTGmoderatorDC wrote: ↑
Tue Dec 08, 2020 6:16 pm
 A merchant raises the price of a $100 item by 20%. After finding that she cannot sell the item at the higher price, she discounts it by 20%. What is the final price of the item?

A. $96
B. $97
C. $98
D. $99
E. $100



OA A

Solution:

The final price of the item is:

100 x 1.2 x 0.8 = 120 x 0.8 = $96

Answer: A

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