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05 Nov 2017, 01:43
00:00

Difficulty:

15% (low)

Question Stats:

88% (01:20) correct 13% (00:28) wrong based on 23 sessions

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A chair originally cost $50.00. The chair was offered for sale at 108 percent of its cost. After a week, the price was discounted 10 percent and the chair was sold. The chair was sold for (A)$45.00
(B) $48.60 (C)$49.00
(D) $49.50 (E)$54.00

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Re: A chair originally cost $50.00. The chair was offered for sale at 108 [#permalink] ### Show Tags 05 Nov 2017, 01:46 Bunuel wrote: A chair originally cost$50.00. The chair was offered for sale at 108 percent of its cost. After a week, the price was discounted 10 percent and the chair was sold. The chair was sold for

(A) $45.00 (B)$48.60
(C) $49.00 (D)$49.50
(E) $54.00 If the cost of the chair was 50$ originally and the chair was sold at 108 percent of the cost,
it must have been sold at $$1.08*50 = 54$$$If the chair was sold at a 10% discount, the price will be $$0.9*54 = 48.60$$$ (Option B)

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Re: A chair originally cost $50.00. The chair was offered for sale at 108 [#permalink] ### Show Tags 05 Nov 2017, 04:23 If the cost of the chair was 50$ originally and the chair was sold at 108 percent of the cost,
it must have been sold at 1.08∗50=541.08∗50=54$If the chair was sold at a 10% discount, the price will be 0.9∗54=48.600.9∗54=48.60$ (Option B)