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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...

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by AAPL » Tue Apr 06, 2021 6:49 am

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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 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

OA 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...

by Brent@GMATPrepNow » Thu Apr 08, 2021 6:21 am
AAPL wrote: ↑
Tue Apr 06, 2021 6:49 am
 GMAT Prep

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

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

by Scott@TargetTestPrep » Fri Apr 16, 2021 8:12 am
AAPL wrote: ↑
Tue Apr 06, 2021 6:49 am
 GMAT Prep

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

OA B
Solution:

When 15 coats were purchased, the wholesale cost per coat was 1200/15 = $80, which is a 90 - 80 = $10 reduction in price from the cost of a single coat.

Answer: B

Scott Woodbury-Stewart
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