## The wholesale cost of a certain coat was $90, but when 15 of the coats were purchased by a retailer, the cost was... ##### This topic has expert replies Moderator Posts: 1794 Joined: 29 Oct 2017 Followed by:2 members ### The wholesale cost of a certain coat was$90, but when 15 of the coats were purchased by a retailer, the cost was...

by AAPL » Tue Apr 06, 2021 6:49 am

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## Global Stats

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 ### GMAT/MBA Expert GMAT Instructor Posts: 15472 Joined: 08 Dec 2008 Location: Vancouver, BC Thanked: 5254 times Followed by:1266 members GMAT Score:770 ### 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 [email protected] » 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

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Brent

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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 [email protected] » 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.