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Alex paid a $12 fee to receive a 10% discount off

Expert replies
by BTGmoderatorDC » Sat Mar 03, 2018 11:50 pm
Alex paid a $12 fee to receive a 10% discount off of the list price on all books he bought in a six-month period. Victor paid a $15 fee to receive a 15% discount off of the list price on all books he bought in the same period. If each bought books with a total list price of b during that period and each paid the same net amount, including the discount and the fee, what is b ?

A. $54
B. $60
C. $66
D. $100
E. $120

I'm confused on how to start solving this problem, can some experts teach me?

OA B
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Source: — Problem Solving |

by GMATGuruNY » Sun Mar 04, 2018 3:23 am
lheiannie07 wrote:Alex paid a $12 fee to receive a 10% discount off of the list price on all books he bought in a six-month period. Victor paid a $15 fee to receive a 15% discount off of the list price on all books he bought in the same period. If each bought books with a total list price of b during that period and each paid the same net amount, including the discount and the fee, what is b ?

A. $54
B. $60
C. $66
D. $100
E. $120
We can PLUG IN THE ANSWERS, which represent the list price.
When the correct answer is plugged in, Alex and Victor pay the same amount.

B: 60
Since Alex receives a 10% discount for a $12 fee, the amount paid by Alex = 60 - (10% of 60) + ($12 fee) = 60-6+12 = 66.
Since Victor receives a 15% discount for a $15 fee, the amount paid by Victor = 60 - (15% of 60) + ($15 fee) = 60-9+15 = 66.
Success!

The correct answer is B.

Algebra:

Since Alex receives a 10% discount for a $12 fee, he pays 90% of the list price plus a $12 fee:
(90/100)b + 12.
Since Victor receives a 15% discount for a $15 fee, he pays 85% of the list price plus a $15 fee:
(85/100)b + 15.
Since each pays the same amount, the expressions in blue are equal:
(90/100)b + 12 = (85/100)b + 15
90b + 1200 = 85b + 1500
5b = 300
b = 60.

More importantly:
Why didn't Alex and Victor just pay the list price?
At $60, it is less than the amount each paid ($66).
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by Brent@GMATPrepNow » Sun Mar 04, 2018 12:02 pm
lheiannie07 wrote:Alex paid a $12 fee to receive a 10% discount off of the list price on all books he bought in a six-month period. Victor paid a $15 fee to receive a 15% discount off of the list price on all books he bought in the same period. If each bought books with a total list price of b during that period and each paid the same net amount, including the discount and the fee, what is b ?

A. $54
B. $60
C. $66
D. $100
E. $120
IMPORTANT:
If Alex received a 10% discount, then Alex PAID 90% of the cost of the books
If Victor received a 15% discount, then Victor PAID 85% of the cost of the books

Start with a word equation

Total amount Alex paid = Total amount Victor paid
We get: $12 + 90% of b = $15 + 85% of b
Rewrite as: $12 + (0.9)(b) = $15 + (0.85)(b)
Eliminate decimals by multiplying both sides by 100 to get: 1200 + 90b = 1500 + 85b
Subtract 1200 from both sides: 90b = 300 + 85b
Subtract 85b from both sides: 5b = 300
Solve: b = 60

Answer: B

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
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