Find all School-related info fast with the new School-Specific MBA Forum

It is currently 29 Aug 2014, 10:39

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

The original price of an article was reduced by 25 percent.

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Director
Director
User avatar
Joined: 07 Nov 2004
Posts: 697
Followers: 4

Kudos [?]: 15 [0], given: 0

GMAT Tests User
The original price of an article was reduced by 25 percent. [#permalink] New post 17 Jan 2005, 09:18
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

75% (01:03) correct 25% (00:00) wrong based on 2 sessions
The original price of an article was reduced by 25 percent. During a special sale the new price was decreased by 10 percent. By approximately what percent would the price now have to be increased in order to restore the price of the article to its original amount?

A) 32.5%
B) 35%
C) 48%
D) 65%
E) 67.5%
VP
VP
User avatar
Joined: 25 Nov 2004
Posts: 1498
Followers: 6

Kudos [?]: 27 [0], given: 0

GMAT Tests User
 [#permalink] New post 17 Jan 2005, 10:20
C) 48%

original price = 100
price, after 25% decrease = 75
price, after 10% during the sale = 75-10% of 75 = 67.5
the amount of price to be increased = 100-67.5 = 32.5
approx % to be increased to get the original price = 32.5/67.5 = 48%.
Director
Director
User avatar
Joined: 07 Jun 2004
Posts: 618
Location: PA
Followers: 2

Kudos [?]: 164 [0], given: 22

GMAT Tests User
 [#permalink] New post 17 Jan 2005, 10:49
100 --> 75 --> 67.5 back to 100 so new % will be : 100-67.5/67.5 * 100 = 48%
Director
Director
User avatar
Joined: 07 Nov 2004
Posts: 697
Followers: 4

Kudos [?]: 15 [0], given: 0

GMAT Tests User
 [#permalink] New post 17 Jan 2005, 11:00
That's what I get but OA says 32.5.

Guess its a typo :?
VP
VP
User avatar
Joined: 25 Nov 2004
Posts: 1498
Followers: 6

Kudos [?]: 27 [0], given: 0

GMAT Tests User
 [#permalink] New post 17 Jan 2005, 11:10
gayathri wrote:
That's what I get but OA says 32.5.

Guess its a typo :?


i thinks so. the question seems from Kapalan. Kaplan question are pretty vauge.

That answer would be correct if the question was asked to find the following price: The original price of an article was reduced by 25 percent. During a special sale the new price was decreased by 10 percent. By approximately what percent of the original price would the price now have to be increased in order to restore the price of the article to its original amount?

Last edited by MA on 17 Jan 2005, 11:46, edited 1 time in total.
Current Student
avatar
Joined: 28 Dec 2004
Posts: 3405
Location: New York City
Schools: Wharton'11 HBS'12
Followers: 13

Kudos [?]: 158 [0], given: 2

GMAT Tests User
 [#permalink] New post 17 Jan 2005, 11:26
def a typo...Or I am deep trouble for my GMAT....

48% is correct.
Intern
Intern
avatar
Joined: 06 Dec 2004
Posts: 21
Location: Lebanon
Followers: 0

Kudos [?]: 1 [0], given: 0

PS: Percent [#permalink] New post 17 Jan 2005, 12:49
It has to be
A) 32.5%

% Increase = (Amount Increased) / (original amount) * 100

To restore the original price
% Increase = (32.5)/100 *100 = 32.5%
_________________

Regards - Joe

Director
Director
User avatar
Joined: 21 Sep 2004
Posts: 619
Followers: 1

Kudos [?]: 4 [0], given: 0

GMAT Tests User
 [#permalink] New post 17 Jan 2005, 17:37
but asking for.. increase over the present right? so how can it be 100?
Manager
Manager
avatar
Joined: 03 Feb 2007
Posts: 164
Followers: 1

Kudos [?]: 3 [0], given: 0

 [#permalink] New post 29 Mar 2007, 10:16
fresinha12 wrote:
def a typo...Or I am deep trouble for my GMAT....

48% is correct.


Is it 48 or 32.5? I thought it was 48 but PR says 32.5
Senior Manager
Senior Manager
avatar
Joined: 20 Feb 2007
Posts: 265
Followers: 1

Kudos [?]: 4 [0], given: 0

GMAT Tests User
 [#permalink] New post 01 Apr 2007, 20:39
My answer is 32.5%.

Quote:
original price = 100
price, after 25% decrease = 75
price, after 10% during the sale = 75-10% of 75 = 67.5
the amount of price to be increased = 100-67.5 = 32.5
approx % to be increased to get the original price = 32.5/67.5 = 48%.


I think this last line approx % to be increased to get the original price = 32.5/67.5 = 48% is not required since the question is what percent would the price now have to be increased in order to restore the price of the article to its original amount which is 100.

We have taken the original price as 100 so we don't need to go further....the answer 32.5 is already a percent value.

Answer is A.
Manager
Manager
avatar
Joined: 03 Feb 2007
Posts: 164
Followers: 1

Kudos [?]: 3 [0], given: 0

 [#permalink] New post 02 Apr 2007, 08:57
Summer3 wrote:
My answer is 32.5%.

Quote:
original price = 100
price, after 25% decrease = 75
price, after 10% during the sale = 75-10% of 75 = 67.5
the amount of price to be increased = 100-67.5 = 32.5
approx % to be increased to get the original price = 32.5/67.5 = 48%.


I think this last line approx % to be increased to get the original price = 32.5/67.5 = 48% is not required since the question is what percent would the price now have to be increased in order to restore the price of the article to its original amount which is 100.

We have taken the original price as 100 so we don't need to go further....the answer 32.5 is already a percent value.

Answer is A.


My tutor said 48. Every problem with a percent change, you just take the increase of the final price
  [#permalink] 02 Apr 2007, 08:57
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic Increasing the original price of an article by 15% and then chiccufrazer1 3 09 Mar 2013, 20:48
1 Experts publish their posts in the topic Increasing the original price of an article by 15 percent fiendex 3 05 Feb 2012, 15:25
The price of computer was reduced by 25 percent. What was rxs0005 1 04 Aug 2010, 03:34
2 The original price of a car was $25,200 AtifS 6 09 Mar 2010, 01:07
The original price of an article was reduced by 25 percent. IHATEMELGIBSON1 8 29 Mar 2007, 10:18
Display posts from previous: Sort by

The original price of an article was reduced by 25 percent.

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.