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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 app

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by Vincen » Thu May 13, 2021 5:42 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

Answer: B

Source: Official Guide
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Re: A retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200. If a store employee

by Brent@GMATPrepNow » Fri May 14, 2021 5:34 am
Vincen wrote: ↑
Thu May 13, 2021 5:42 am
 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

Answer: B

Source: Official Guide
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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Re: A retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200. If a store employee

by swerve » Fri May 14, 2021 4:16 pm
Vincen wrote: ↑
Thu May 13, 2021 5:42 am
 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

Answer: B

Source: Official Guide
Wholesale cost of video recorder \(= 200 \$\)
Video recorder was priced at \(20\) percent above \(200 = 240 \$\)

\(\%\) discount given by store employee \(= 10\)
Employee paid \(= 0.9 \cdot 240 = 216 \$\)

Therefore, B
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