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A car dealer who gives a customer a 20 percent discount on the list pr

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A car dealer who gives a customer a 20 percent discount on the list pr [#permalink]

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New post 01 Feb 2018, 23:29
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Difficulty:

  35% (medium)

Question Stats:

62% (01:32) correct 38% (01:08) wrong based on 38 sessions

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A car dealer who gives a customer a 20 percent discount on the list price of a car still realizes a net profit of 25 percent of cost. If the dealer's cost is $4800, what is the usual list price of the car?

(A) $6000

(B) $6180

(C) $7200

(D) $7500

(E) $8000

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Re: A car dealer who gives a customer a 20 percent discount on the list pr [#permalink]

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New post 02 Feb 2018, 00:08
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Bunuel wrote:
A car dealer who gives a customer a 20 percent discount on the list price of a car still realizes a net profit of 25 percent of cost. If the dealer's cost is $4800, what is the usual list price of the car?

(A) $6000

(B) $6180

(C) $7200

(D) $7500

(E) $8000


Cost = 4800

Selling price (@25% profit) = 4800 +(1/4)*4800 = 6000

Selling Price = 80% of List price (after discount of 20%)

i.e. List Price = 6000/0.8 = 7500

Answer: option D
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A car dealer who gives a customer a 20 percent discount on the list pr [#permalink]

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New post 02 Feb 2018, 07:40
Bunuel wrote:
A car dealer who gives a customer a 20 percent discount on the list price of a car still realizes a net profit of 25 percent of cost. If the dealer's cost is $4800, what is the usual list price of the car?

(A) $6000

(B) $6180

(C) $7200

(D) $7500

(E) $8000


SP is \(\frac{125}{100}*4800 = 6000\)

\(\frac{MP*80}{100} = 6000\)

Or, MP = 7500, Answer will be (D)
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A car dealer who gives a customer a 20 percent discount on the list pr   [#permalink] 02 Feb 2018, 07:40
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