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A car dealer sells each of his cars at a 20% discount from its sticker

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Math Expert
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Joined: 02 Sep 2009
Posts: 59721
A car dealer sells each of his cars at a 20% discount from its sticker  [#permalink]

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New post 26 Nov 2019, 01:53
00:00
A
B
C
D
E

Difficulty:

  35% (medium)

Question Stats:

71% (02:21) correct 29% (01:51) wrong based on 21 sessions

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Joined: 18 Aug 2017
Posts: 5483
Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
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Re: A car dealer sells each of his cars at a 20% discount from its sticker  [#permalink]

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New post 26 Nov 2019, 02:00
1
Bunuel wrote:
A car dealer sells each of his cars at a 20% discount from its sticker price. If a car costs him $8000 to purchase, what should the sticker price be so that he will make a 15% profit on his cost when the car is sold?

A. $9,200
B. $10,800
C. $11,040
D. $11,500
E. $13,500


question has asked
x * .8 = 1.15* 8000
x= sticker price
so x= 11500
IMO D
GMAT Club Bot
Re: A car dealer sells each of his cars at a 20% discount from its sticker   [#permalink] 26 Nov 2019, 02:00
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A car dealer sells each of his cars at a 20% discount from its sticker

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