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A retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200...

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by AAPL » Thu Sep 10, 2020 1:17 pm
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GMAT Paper Tests

A retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200. If a store employee applied the 10 percent employee discount to the retail price to buy the recorder, how much did the employee pay for the recorder?

A. $198
B. $216
C. $220
D. $230
E. $240

OA B
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Re: A retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200...

by r3shabh » Fri Sep 11, 2020 1:55 pm
retail price = 20% of 200 + 200 = 40+200 = 240
10% discount on retail price = 24
final price = 240-24 = 216
(B)
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Re: A retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200...

by Scott@TargetTestPrep » Tue Sep 15, 2020 4:48 am
AAPL wrote: ↑
Thu Sep 10, 2020 1:17 pm
 GMAT Paper Tests

A retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200. If a store employee applied the 10 percent employee discount to the retail price to buy the recorder, how much did the employee pay for the recorder?

A. $198
B. $216
C. $220
D. $230
E. $240

OA B
Solution:

The retail price of the video recorder is 200 x 1.2 = $240. Since store employees receive a 10% employee discount, a store employee would need to pay 240 x 0.9 = $216 for the video recorder.

Answer: B

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