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# A 30% increase in the price of a shirt is equivalent to \$60. If the pr

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Math Expert
Joined: 02 Sep 2009
Posts: 53005
A 30% increase in the price of a shirt is equivalent to \$60. If the pr  [#permalink]

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22 Jan 2019, 22:58
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Difficulty:

35% (medium)

Question Stats:

71% (01:17) correct 29% (02:35) wrong based on 28 sessions

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A 30% increase in the price of a shirt is equivalent to \$60. If the price of the shirt were reduced by 20% instead of increased by 30%, what would be the price of the shirt?

A 240
B 200
C 160
D 120
E 54

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Intern
Joined: 10 Feb 2018
Posts: 33
GMAT 1: 550 Q46 V20
A 30% increase in the price of a shirt is equivalent to \$60. If the pr  [#permalink]

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22 Jan 2019, 23:37
IMO answer is C

30% =60
ie 100%=200
so 200-20%
==200-40=160
SVP
Joined: 18 Aug 2017
Posts: 1848
Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
Re: A 30% increase in the price of a shirt is equivalent to \$60. If the pr  [#permalink]

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23 Jan 2019, 05:19
Bunuel wrote:
A 30% increase in the price of a shirt is equivalent to \$60. If the price of the shirt were reduced by 20% instead of increased by 30%, what would be the price of the shirt?

A 240
B 200
C 160
D 120
E 54

let price be x

so
1.3x= x+60
x= 60/.3
x= 200
now 20% discount would mean ; 200 * .8 = \$160
IMO C
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Re: A 30% increase in the price of a shirt is equivalent to \$60. If the pr  [#permalink]

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27 Jan 2019, 18:33
Bunuel wrote:
A 30% increase in the price of a shirt is equivalent to \$60. If the price of the shirt were reduced by 20% instead of increased by 30%, what would be the price of the shirt?

A 240
B 200
C 160
D 120
E 54

We can let the original price = p and create the equation:

1.3p = p + 60

0.3p = 60

p = 60/0.3 = 600/3 = 200

If that shirt were decreased by 20%, the price would be:

200 x 4/5 = 40 x 4 = 160

Answer: C
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Re: A 30% increase in the price of a shirt is equivalent to \$60. If the pr   [#permalink] 27 Jan 2019, 18:33
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# A 30% increase in the price of a shirt is equivalent to \$60. If the pr

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