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A retail appliance store priced a video recorder at 20

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by swerve » Sat Jul 20, 2019 10:45 am

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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

The OA is B

Source: GMAT Paper Tests
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by Darkknightreturning » Sat Jul 20, 2019 11:19 pm
Price at retail appliance store = 20% above the cost = 1.2*200=$240
Discount on it = 10% of $240 = $24
The amount to be paid = $(240-24) = $216
Answer is B
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by Scott@TargetTestPrep » Mon Jul 29, 2019 3:16 pm
swerve wrote: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

The OA is B

Source: GMAT Paper Tests
We are given that a retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200, or 1.2 x 200 = $240.

If an employee purchased the item at a 10 percent discount, he paid 0.9 x 240 = $216.

Answer: B

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by Brent@GMATPrepNow » Mon Jul 29, 2019 3:20 pm
swerve wrote: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

The OA is B

Source: GMAT Paper Tests
A retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200
20% of $200 = $40
So, the retail price = $200 + $40 = $240

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?
10% of $240 = $24
So, the discounted price = $240 - $24 = $216

Answer: B

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
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