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

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Joined: 02 Sep 2009
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A car dealer who gives a customer a 20 percent discount on the list pr  [#permalink]

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01 Feb 2018, 23:29
00:00

Difficulty:

35% (medium)

Question Stats:

69% (01:54) correct 31% (02:06) wrong based on 61 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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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

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

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

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26 Sep 2019, 06:59
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Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: A car dealer who gives a customer a 20 percent discount on the list pr   [#permalink] 26 Sep 2019, 06:59
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