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The wholesale cost of a certain coat was $90, but when 15 of the coats were purchased by a retailer, the cost was reduce

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by BTGModeratorVI » Thu Nov 26, 2020 1:12 pm

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Answers

A

B

C

D

E

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Difficulty—

The wholesale cost of a certain coat was $90, but when 15 of the coats were purchased by a retailer, the cost was reduced so that the total cost of the coats was $1,200. By how much was the wholesale cost of each coat reduced?

A. $6
B. $10
C. $20
D. $80
E. $150

Answer: B
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Re: The wholesale cost of a certain coat was $90, but when 15 of the coats were purchased by a retailer, the cost was re

by Brent@GMATPrepNow » Sun Nov 29, 2020 10:43 am
BTGModeratorVI wrote: ↑
Thu Nov 26, 2020 1:12 pm
 The wholesale cost of a certain coat was $90, but when 15 of the coats were purchased by a retailer, the cost was reduced so that the total cost of the coats was $1,200. By how much was the wholesale cost of each coat reduced?

A. $6
B. $10
C. $20
D. $80
E. $150

Answer: B
Source: GMAT prep
ORIGINAL cost per coat = $90

When 15 of the coats were purchased by a retailer, the cost was reduced so that the total cost of the coats was $1,200.
DISCOUNTED cost per coat = $1,200/15 = $80

By how much was the wholesale cost of each coat reduced?
Cost reduction (per coat) = $90 - $80 = $10

Answer: B

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Brent
Brent Hanneson - Creator of GMATPrepNow.com
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