A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deduct

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VJesus12: Legendary Member; Posts: 2276; Joined: Sat Oct 14, 2017 6:10 amFollowed by: 3 members

by VJesus12 » Fri Sep 04, 2020 6:14 am

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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

Answer: B

Source: Official Guide

Source: Beat The GMAT — Problem Solving | Fri Sep 04, 2020 6:14 am

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Scott@TargetTestPrep: GMAT Instructor; Posts: 8246; Joined: Sat Apr 25, 2015 10:56 amFollowed by: 29 members; Location: Los Angeles, CA; Thanked: 43 times

Re: A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were de

by Scott@TargetTestPrep » Wed Sep 09, 2020 1:36 pm

VJesus12 wrote: ↑
Fri Sep 04, 2020 6:14 am
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

Answer: B

Source: Official Guide

Solution:

The lowest possible price of a $16 toy after discounts is 16 x 0.6 x 0.75 = $7.20.

Answer: B

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