A retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200. If a store employee applied the 10 percent employee discount to the retail price to buy the recorder, how much did the employee pay for the recorder?
(A) $198
(B) $216
(C) $220
(D) $230
(E) $240
Answer: B
Source: Official Guide
A retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200. If a store employee app
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A retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200Vincen wrote: ↑Thu May 13, 2021 5:42 amA retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200. If a store employee applied the 10 percent employee discount to the retail price to buy the recorder, how much did the employee pay for the recorder?
(A) $198
(B) $216
(C) $220
(D) $230
(E) $240
Answer: B
Source: Official Guide
20% of $200 = $40
So, the retail price = $200 + $40 = $240
If a store employee applied the 10 percent employee discount to the retail price to buy the recorder, how much did the employee pay for the recorder?
10% of $240 = $24
So, the discounted price = $240 - $24 = $216
Answer: B
Cheers,
Brent
Wholesale cost of video recorder \(= 200 \$\)Vincen wrote: ↑Thu May 13, 2021 5:42 amA retail appliance store priced a video recorder at 20 percent above the wholesale cost of $200. If a store employee applied the 10 percent employee discount to the retail price to buy the recorder, how much did the employee pay for the recorder?
(A) $198
(B) $216
(C) $220
(D) $230
(E) $240
Answer: B
Source: Official Guide
Video recorder was priced at \(20\) percent above \(200 = 240 \$\)
\(\%\) discount given by store employee \(= 10\)
Employee paid \(= 0.9 \cdot 240 = 216 \$\)
Therefore, B