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# A \$74.95 lawn chair was sold for \$59.95 at a special sale. By approxim

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Joined: 02 Sep 2009
Posts: 51100
A \$74.95 lawn chair was sold for \$59.95 at a special sale. By approxim  [#permalink]

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26 Jan 2016, 01:47
00:00

Difficulty:

15% (low)

Question Stats:

90% (00:52) correct 10% (02:41) wrong based on 39 sessions

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A \$74.95 lawn chair was sold for \$59.95 at a special sale. By approximately what percent was the price decreased?

A. 15%
B. 20%
C. 25%
D. 60%
E. 80%

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Re: A \$74.95 lawn chair was sold for \$59.95 at a special sale. By approxim  [#permalink]

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26 Jan 2016, 02:43
Listed selling price of chair = 74.95 \$
Discounted selling price of chair = 59.95 \$
Discount = 74.95 - 59.95 = 15 \$
% decrease in price of chair = (15/74.95) * 100% = 20 % approx

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Re: A \$74.95 lawn chair was sold for \$59.95 at a special sale. By approxim  [#permalink]

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27 Jan 2016, 11:05
Bunuel wrote:
A \$74.95 lawn chair was sold for \$59.95 at a special sale. By approximately what percent was the price decreased?

A. 15%
B. 20%
C. 25%
D. 60%
E. 80%

My Take: B

It was a very simple one.
(Cost price )C.P.=74.95
(Selling Price)S.P.=59.95

% profit/Loss = (C.P. - S.P.)/C.P.*100 [Rule : profit or loss always determine on C.P.]
=15/~25 = 20 % approx
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Re: A \$74.95 lawn chair was sold for \$59.95 at a special sale. By approxim &nbs [#permalink] 27 Jan 2016, 11:05
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# A \$74.95 lawn chair was sold for \$59.95 at a special sale. By approxim

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