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A toy store regularly sells all stock at a discount of 20

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A toy store regularly sells all stock at a discount of 20 [#permalink] New post 25 Oct 2010, 04:40
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86% (02:08) correct 13% (01:58) wrong based on 95 sessions
A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?

A. $5.60
B. $7.20
C. $8.80
D. $9.60
E. $15.20
[Reveal] Spoiler: OA

Last edited by Bunuel on 24 Mar 2012, 01:20, edited 1 time in total.
Edited the question and added the OA
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Re: A toy store regularly sells..... [#permalink] New post 07 Nov 2011, 10:37
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I too stumbled with the question wording initially, but I understood the next time.

Cost price is $16. Lowest possible price is when max discount is applied.

So Discount of 40% first and then 25%.

Final price = 16 * (1-40/100) * (1- 25/100) = 16 * 60/100 * 75/100 = 7.2

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Re: A toy store regularly sells..... [#permalink] New post 26 Oct 2010, 09:12
16*60/100*75/100 = 7.2
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Re: A toy store regularly sells..... [#permalink] New post 20 Jan 2011, 05:39
I understand the answer explanation. But "before any discount" at the end of the question is confusing to me. Shouldn't it be "after discount(s)". I usually don't stumble upon these tricky wordings. But, this one got me. Please explain.
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Re: A toy store regularly sells..... [#permalink] New post 20 Jan 2011, 06:00
Hi

"costing $16 before any discount?" means that $16 is the Cost Price, i.e., no discount has been applied to it yet.

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Re: A toy store regularly sells..... [#permalink] New post 09 Jun 2011, 09:24
I dont understand the solution. Can someone elaborate ?
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Re: A toy store regularly sells..... [#permalink] New post 09 Jun 2011, 09:49
akkifreaky wrote:
I dont understand the solution. Can someone elaborate ?


the maximum discount offered is 40% on $ 16 ; 60% of 16 = 9.6
additional 25 % = 3/4*9.6 = 7.2

hope this helps

Fluke: Before discount means = 16 Dollars is the CP of the product( assuming no discount is deducted)
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Re: A toy store regularly sells..... [#permalink] New post 09 Jun 2011, 20:34
B $7.20

Price after 1st discount (40%) = 60/100 * 16 = 48/5

Price after 2nd discount (25%) = 75/100 * 48/5 = $7.20
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Re: A toy store regularly sells..... [#permalink] New post 10 Jun 2011, 10:40
A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy " Which is " costing $16 before any discount?
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Re: A toy store regularly sells..... [#permalink] New post 12 Jan 2012, 14:28
Easy enough, if you have a calculator. Any suggestions on solving (16 * 0.6 * 0.75) without simply estimating?

Even if you figure the first part: 1.6 * 6 = 9.2, how can you accurately find 0.75 of 9.2? I always feel like I'm missing something on these questions, the OG answers simply state the answers as if a calculator were allowed.
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Re: A toy store regularly sells..... [#permalink] New post 15 Jan 2012, 21:24
A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?

A. $5.60
B. $7.20
C. $8.80
D. $9.60
E. $15.20

lowest price = max discount = 25% on top of 40%
lowest price = 16 * (60/100) * (75/100) = 16 * (3/5) * (3/4) = 4 * 9 / 5 = 36 /5 = 7.20
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Simple solution yet very confusing question [#permalink] New post 17 Nov 2012, 19:42
A toy store regularly sells all stock at a discount of 20% - 40%. If an additional 25% were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?


I find this question extremely confusing, why would it say before any discount whereas what it really means is after all the discount?


The math itself in this question is very simple

16*(0.6)(0.75) = 7.20

Please advice, since i dont want to make silly mistake just because I dont know what the question is asking

Thank you
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Re: Simple solution yet very confusing question [#permalink] New post 17 Nov 2012, 20:54
chibimoon wrote:
A toy store regularly sells all stock at a discount of 20% - 40%. If an additional 25% were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?


I find this question extremely confusing, why would it say before any discount whereas what it really means is after all the discount?


The math itself in this question is very simple

16*(0.6)(0.75) = 7.20

Please advice, since i dont want to make silly mistake just because I dont know what the question is asking

Thank you

I agree. The question is worded a bit poorly. But I think from the context it is quite clear that the 16$ is the price before the discount. You don not have to worry about such issues as the GMAT never frames unclear questions. What they are asking for is clearly conveyed.

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Re: Simple solution yet very confusing question [#permalink] New post 18 Nov 2012, 03:46
Expert's post
chibimoon wrote:
A toy store regularly sells all stock at a discount of 20% - 40%. If an additional 25% were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?


I find this question extremely confusing, why would it say before any discount whereas what it really means is after all the discount?


The math itself in this question is very simple

16*(0.6)(0.75) = 7.20

Please advice, since i dont want to make silly mistake just because I dont know what the question is asking

Thank you


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Re: A toy store regularly sells all stock at a discount of 20 [#permalink] New post 09 Feb 2013, 17:08
B

16-(40/100)16= 16 - 6.4 = 9.6

9.6-(25/100)10= 7.1 << i used 10 instead of 9.6 to make the calculation easier

7.20 is the closest to 7.10

I know its very long way and inaccurate but i keep solving these kind of question like this :S
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Re: A toy store regularly sells all stock at a discount of 20 [#permalink] New post 19 Feb 2013, 01:35
Let the price be 100. So its sold between 60 to 80 (during usual discounts given)
60 would be the selling price after getting max discount of 40%.
Also additional 25% discount is given. So 25% of 60 = 15.
So, 100 would be sold at the max discount for 45. So calculating for 16 would be 7.2
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Re: A toy store regularly sells all stock at a discount of 20   [#permalink] 19 Feb 2013, 01:35
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