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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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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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Brent@GMATPrepNow
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ORIGINAL cost per coat = $90AAPL wrote: ↑Tue Apr 06, 2021 6:49 amGMAT 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
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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Scott@TargetTestPrep
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Solution:AAPL wrote: ↑Tue Apr 06, 2021 6:49 amGMAT 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
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
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