• NEW! FREE Beat The GMAT Quizzes
    NEW! FREE Beat The GMAT Quizzes
    NEW! FREE Beat The GMAT Quizzes
    Hundreds of Questions Highly Detailed Reporting Expert Explanations TAKE A FREE GMAT QUIZ
  • 7 CATs FREE!
    If you earn 100 Forum Points

    Engage in the Beat The GMAT forums to earn
    100 points for $49 worth of Veritas practice GMATs FREE

    Veritas Prep
    VERITAS PRACTICE GMAT EXAMS
    Earn 10 Points Per Post
    Earn 10 Points Per Thanks
    Earn 10 Points Per Upvote
    REDEEM NOW

Percents

This topic has 1 expert reply and 0 member replies

Percents

Post
An item is being sold for $10 each. However, if a customer will “buy at least 3” they have a promo discount of 12%. Also, if a customer will “buy at least 10” items they will deduct an additional 8% to their “buy at least 3” promo price. If Sam buys 10 pcs of that item how much should he pay?

(A) $92.00
(B) $88.00
(C) $87.04
(D) $80.96
(E) $80.00

OA is D

What percentage formula could be used here? An Expert contribution will be highly welcomed.

  • +1 Upvote Post
  • Quote
  • Flag

GMAT/MBA Expert

Post
Hello Roland2rule.

Let's take a look at your question.

If Sam buys 10 pcs, without the promo discount he should pay 100$.

Since he brought "at least 3" he won the first promo discount, hence he had to pay 88% of the total price. So, he should pay 88%*100$ = 88$.

Now, since he brought 10 items, he won the second promo discount ("buy at least 10"). So, he had to pay the 92% of the secondary cost. Therefore, he should pay 92%*88$ = 80.96$.

This is why the correct answer is the option D.

I hope this explanation may help you.

I'm available if you'd like a follow-up.

Regards.

_________________
GMAT Prep From The Economist
We offer 70+ point score improvement money back guarantee.
Our average student improves 98 points.

  • +1 Upvote Post
  • Quote
  • Flag
Free 7-Day Test Prep with Economist GMAT Tutor - Receive free access to the top-rated GMAT prep course including a 1-on-1 strategy session, 2 full-length tests, and 5 ask-a-tutor messages. Get started now.
  • Target Test Prep
    5-Day Free Trial
    5-day free, full-access trial TTP Quant

    Available with Beat the GMAT members only code

    MORE DETAILS
    Target Test Prep
  • EMPOWERgmat Slider
    1 Hour Free
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    EMPOWERgmat Slider
  • PrepScholar GMAT
    5 Day FREE Trial
    Study Smarter, Not Harder

    Available with Beat the GMAT members only code

    MORE DETAILS
    PrepScholar GMAT
  • The Princeton Review
    FREE GMAT Exam
    Know how you'd score today for $0

    Available with Beat the GMAT members only code

    MORE DETAILS
    The Princeton Review
  • e-gmat Exclusive Offer
    Get 300+ Practice Questions
    25 Video lessons and 6 Webinars for FREE

    Available with Beat the GMAT members only code

    MORE DETAILS
    e-gmat Exclusive Offer
  • Varsity Tutors
    Award-winning private GMAT tutoring
    Register now and save up to $200

    Available with Beat the GMAT members only code

    MORE DETAILS
    Varsity Tutors
  • Magoosh
    Magoosh
    Study with Magoosh GMAT prep

    Available with Beat the GMAT members only code

    MORE DETAILS
    Magoosh
  • Veritas Prep
    Free Veritas GMAT Class
    Experience Lesson 1 Live Free

    Available with Beat the GMAT members only code

    MORE DETAILS
    Veritas Prep
  • Economist Test Prep
    Free Trial & Practice Exam
    BEAT THE GMAT EXCLUSIVE

    Available with Beat the GMAT members only code

    MORE DETAILS
    Economist Test Prep
  • Kaplan Test Prep
    Free Practice Test & Review
    How would you score if you took the GMAT

    Available with Beat the GMAT members only code

    MORE DETAILS
    Kaplan Test Prep

Top First Responders*

1 Ian Stewart 41 first replies
2 Brent@GMATPrepNow 36 first replies
3 Scott@TargetTestPrep 33 first replies
4 Jay@ManhattanReview 30 first replies
5 GMATGuruNY 23 first replies
* Only counts replies to topics started in last 30 days
See More Top Beat The GMAT Members

Most Active Experts

1 image description Scott@TargetTestPrep

Target Test Prep

159 posts
2 image description Max@Math Revolution

Math Revolution

91 posts
3 image description Brent@GMATPrepNow

GMAT Prep Now Teacher

56 posts
4 image description Ian Stewart

GMATiX Teacher

50 posts
5 image description GMATGuruNY

The Princeton Review Teacher

35 posts
See More Top Beat The GMAT Experts