BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem
TTP OnDemand GMAT Video Course
Featured Course

Target Test Prep GMAT OnDemand

Scott Woodbury-Stewart’s private virtual classroom — 400 hours of master-class video lessons for the GMAT Focus Edition.

  • 715+ score guarantee — highest in the industry (99th percentile)
  • 52 chapters · 1,500+ lessons · 4,000+ practice questions
  • 400 hours of video · 1,500+ instructor-led HD smartboard lessons
  • 300,000+ students accepted to Harvard, Stanford, Wharton, Booth & Sloan & more
  • 24/7 live support + weekly Zoom office hours with GMAT instructors
  • TTP AI Assist — 24/7 AI-powered virtual tutor for instant help
  • 1,200+ flashcards + AI-powered study assistant & daily calendar
  • OnDemand, LiveTeach & GMAT Bootcamp formats available
  • Also: GRE, SAT Math & Executive Assessment courses
  • MBA Admissions Consulting now available
  • 🏆 2025 EdTech Breakthrough Award: Test Prep Solution Provider of the Year
  • 200,000+ students served
  • 5-day free trial — $0 to start, no auto-billing, cancel anytime
★★★★★ 5.0 (559 reviews)
130-pt guarantee
$0 to start then $127/mo
Start Free 5-Day Trial Read 559 Reviews →

please help me with this problem..

Problem Solving — algebra and arithmetic (GMAT Focus Edition)
Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Newbie | Next Rank: 10 Posts
Posts: 1
Joined: Fri Jan 08, 2010 9:56 am
by AdityaS » Thu Sep 16, 2010 10:10 am
Jacob marks his goods up by 75% and then offers a discount on the marked price. The profit that he makes after offering the discount is 40%. What % discount did Jacob offer?
A. 35%

B. 25%

C. 75%

D. 20%

E. 15%
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Quantitative Reasoning |
User avatar
Legendary Member
Posts: 1255
Joined: Fri Nov 07, 2008 2:08 pmFollowed by: 90 members
Location: St. Louis
Thanked: 312 times

by Tani » Thu Sep 16, 2010 9:27 pm
Assume Jacob pays $100 for his merchandise. He marks it up to $175. He then puts a discount of x% on the $175 price. We are told his profit is 40% so he must have sold the product at $140 (assuming this problem is computing "profit" against cost, which is not the way it is usually done, but computing profit against selling price would not produce any of the answers listed). That means his discount was $35 on a selling price of $175, or 20%.
Tani Wolff
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1