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A gold band was purchased on sale for $280

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D
Joined: 21 Jun 2014
Posts: 983
Location: India
Concentration: General Management, Technology
GMAT 1: 540 Q45 V20
GPA: 2.49
WE: Information Technology (Computer Software)
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A gold band was purchased on sale for $280 [#permalink]

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New post 10 Mar 2017, 22:03
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

94% (00:43) correct 6% (00:21) wrong based on 34 sessions

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A gold band was purchased on sale for $280. If it was marked down 30%, what was the original price?

A) $348

B) $364

C) $392

D) $400

E) $420
[Reveal] Spoiler: OA

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GMAT 1: 570 Q48 V22
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A gold band was purchased on sale for $280 [#permalink]

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New post 10 Mar 2017, 22:07
HKD1710 wrote:
A gold band was purchased on sale for $280. If it was marked down 30%, what was the original price?

A) $348

B) $364

C) $392

D) $400

E) $420


Since it was marked down 30%, we have

0.7*original price = 280
original price = 280/0.7 = $400

Hence option D is correct
Hit Kudos if you liked it 8-)
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Re: A gold band was purchased on sale for $280 [#permalink]

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New post 11 Mar 2017, 06:34
HKD1710 wrote:
A gold band was purchased on sale for $280. If it was marked down 30%, what was the original price?

A) $348

B) $364

C) $392

D) $400

E) $420


\(\frac{280}{70}*100\)

\(= 400\)

Thus, answer must be (D) $ 400
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Re: A gold band was purchased on sale for $280   [#permalink] 11 Mar 2017, 06:34
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A gold band was purchased on sale for $280

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