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If xerox paper costs 5 cents a sheet and a buyer gets 10%

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Joined: 25 Jan 2013
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If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink] New post 20 Feb 2013, 21:42
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Difficulty:

  25% (medium)

Question Stats:

81% (03:20) correct 19% (04:49) wrong based on 43 sessions
If xerox paper costs 5 cents a sheet and a buyer gets 10% discount on all xerox paper one buys after the first 2000 papers and 20% discount after first 10000 papers, how much will it cost to buy 25000 sheets of xerox paper?

A. $1250
B. $1060
C. $1350
D. $900
E. $1000
[Reveal] Spoiler: OA
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Joined: 17 Oct 2012
Posts: 69
Location: India
Concentration: Strategy, Finance
WE: Information Technology (Computer Software)
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Re: If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink] New post 20 Feb 2013, 23:45
For first 2000 pages - cost 5 cents/paper
For 2001 - 10000 - cost 4.5 cents/paper
For 10000+ - 4cents/paper

So Cost = (5 cents * 2000 ) + (4.5 cents * 8000 ) + (4 cents * 15000) = $1060
alternatively, (0.05 x 2000)+(0.045x8000)+(0.04x15000) = 1,060

Hope it is clear.
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Re: If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink] New post 20 Feb 2013, 23:46
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antoxavier wrote:
If xerox paper costs 5 cents a sheet and a buyer gets 10% discount on all xerox paper one buys after the first 2000 papers and 20% discount after first 10000 papers, how much will it cost to buy 25000 sheets of xerox paper?

A. $1250
B. $1060
C. $1350
D. $900
E. $1000

30 sec approach - solve it using approximation
25000 sheet at full price, 5 cent = 1250
25000 sheet at max discount price, 4 cent = 1000
Your ans got to be between these two.
Ans B it is.
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Re: If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink] New post 13 Feb 2015, 11:58
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: If xerox paper costs 5 cents a sheet and a buyer gets 10%   [#permalink] 13 Feb 2015, 11:58
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