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

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New post 22 Jan 2019, 23:58
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

84% (01:32) correct 16% (02:35) wrong based on 43 sessions

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GMAT 1: 550 Q46 V20
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A 30% increase in the price of a shirt is equivalent to $60. If the pr  [#permalink]

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New post 23 Jan 2019, 00:37
IMO answer is C

30% =60
ie 100%=200
so 200-20%
==200-40=160
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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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New post 23 Jan 2019, 06:19
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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New post 27 Jan 2019, 19:33
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, 19:33
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