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# A discount electronics store normally sells all merchandise

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Intern
Joined: 05 Nov 2011
Posts: 15
Location: France, Metropolitan
A discount electronics store normally sells all merchandise  [#permalink]

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20 Feb 2015, 02:32
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Difficulty:

25% (medium)

Question Stats:

78% (01:56) correct 22% (01:54) wrong based on 103 sessions

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A discount electronics store normally sells all merchandise at a discount of 10 percent to 30 percent off the suggested retail price. If, during a special sale, an additional 20 percent were to be deducted from the discount price, what would be the lowest possible price of an item costing $260 before any discount? (A)$130.00

(B) $145.60 (C)$163.80

(D) $182.00 (E)$210.00
Intern
Joined: 05 Nov 2011
Posts: 15
Location: France, Metropolitan
A discount electronics store normally sells all merchandise  [#permalink]

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20 Feb 2015, 02:45
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Stardust Chris wrote:
A discount electronics store normally sells all merchandise at a discount of 10 percent to 30 percent off the suggested retail price. If, during a special sale, an additional 20 percent were to be deducted from the discount price, what would be the lowest possible price of an item costing $260 before any discount? (A)$130.00

(B) $145.60 (C)$163.80

(D) $182.00 (E)$210.00

Original price : 260 $Max first discount = -30% Thus : $$260*(1-\frac{30}{100})=182$$ Second discount on the discounted price = -20% Thus : $$182*(1-\frac{20}{100})=145,6$$ Answer B. EMPOWERgmat Instructor Status: GMAT Assassin/Co-Founder Affiliations: EMPOWERgmat Joined: 19 Dec 2014 Posts: 15262 Location: United States (CA) GMAT 1: 800 Q51 V49 GRE 1: Q170 V170 Re: A discount electronics store normally sells all merchandise [#permalink] ### Show Tags 20 Feb 2015, 13:59 2 Hi Stardust Chris, Since the question is essentially just about multiplication, you can do the various math "steps" in a variety of ways (depending on whichever method you find easiest). We're told that the first discount is 10% to 30%, inclusive. We're told that the next discount is 20% off of the DISCOUNTED price.... We're told to MAXIMIZE the discount (thus, 30% off the original price and then 20% off of the discounted price). That "math" can be written in a number of different ways (fractions, decimals, etc.): 30% off = (1 - .3) = (1 - 30/100) = (.7) and the same can be done with the 20% additional discount... The final price of an item that originally cost$260 would be.....

($260)(.7)(.8) = ($260)(.56)

Since .56 is a little more than 1/2, we're looking for an answer that's a little more than $130.... Since these answer choices are so "spread out", we don't really have to do the calculation... Final Answer: GMAT assassins aren't born, they're made, Rich _________________ Contact Rich at: Rich.C@empowergmat.com The Course Used By GMAT Club Moderators To Earn 750+ souvik101990 Score: 760 Q50 V42 ★★★★★ ENGRTOMBA2018 Score: 750 Q49 V44 ★★★★★ Board of Directors Status: QA & VA Forum Moderator Joined: 11 Jun 2011 Posts: 4782 Location: India GPA: 3.5 WE: Business Development (Commercial Banking) Re: A discount electronics store normally sells all merchandise [#permalink] ### Show Tags 16 Jan 2018, 11:01 Stardust Chris wrote: A discount electronics store normally sells all merchandise at a discount of 10 percent to 30 percent off the suggested retail price. If, during a special sale, an additional 20 percent were to be deducted from the discount price, what would be the lowest possible price of an item costing$260 before any discount?

(A) $130.00 (B)$145.60

(C) $163.80 (D)$182.00

(E) $210.00 Max possible value after first discount is 70% of 260 = 182 Max possible value after second discount is 80% of 182 = 145.60 Thus, answer will be (B) 145.60 _________________ Thanks and Regards Abhishek.... PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only ) Target Test Prep Representative Status: Founder & CEO Affiliations: Target Test Prep Joined: 14 Oct 2015 Posts: 8069 Location: United States (CA) Re: A discount electronics store normally sells all merchandise [#permalink] ### Show Tags 18 Jan 2018, 14:16 Stardust Chris wrote: A discount electronics store normally sells all merchandise at a discount of 10 percent to 30 percent off the suggested retail price. If, during a special sale, an additional 20 percent were to be deducted from the discount price, what would be the lowest possible price of an item costing$260 before any discount?

(A) $130.00 (B)$145.60

(C) $163.80 (D)$182.00

(E) \$210.00

The lowest possible price would be:

260 x 0.7 x 0.8

182 x 0.8 = 145.60

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Re: A discount electronics store normally sells all merchandise  [#permalink]

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26 Aug 2019, 01:41
260*(30+20+(30*20)/100)%=145.6
Re: A discount electronics store normally sells all merchandise   [#permalink] 26 Aug 2019, 01:41
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