GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 20 Jan 2019, 11:14

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

## Events & Promotions

###### Events & Promotions in January
PrevNext
SuMoTuWeThFrSa
303112345
6789101112
13141516171819
20212223242526
272829303112
Open Detailed Calendar
• ### FREE Quant Workshop by e-GMAT!

January 20, 2019

January 20, 2019

07:00 AM PST

07:00 AM PST

Get personalized insights on how to achieve your Target Quant Score.
• ### GMAT Club Tests are Free & Open for Martin Luther King Jr.'s Birthday!

January 21, 2019

January 21, 2019

10:00 PM PST

11:00 PM PST

Mark your calendars - All GMAT Club Tests are free and open January 21st for celebrate Martin Luther King Jr.'s Birthday.

# A merchant reduces the original price of a coat by 20 percent for a sp

Author Message
TAGS:

### Hide Tags

SVP
Status: Preparing GMAT
Joined: 02 Nov 2016
Posts: 2034
Location: Pakistan
GPA: 3.39
A merchant reduces the original price of a coat by 20 percent for a sp  [#permalink]

### Show Tags

16 Feb 2017, 05:38
00:00

Difficulty:

5% (low)

Question Stats:

94% (01:14) correct 6% (01:27) wrong based on 44 sessions

### HideShow timer Statistics

A merchant reduces the original price of a coat by 20 percent for a spring sale. Finding that the coat did not sell, the merchant reduces the spring price by a further 15 percent at the start of the summer. The coat’s summer price is what percent of its original price?

A. 35%
B. 64%
C. 65%
D. 68%
E. 80%

_________________

Final days of the GMAT Exam? => All GMAT Flashcards.
This Post Helps = Press +1 Kudos
Best of Luck on the GMAT!!

Senior Manager
Joined: 19 Apr 2016
Posts: 274
Location: India
GMAT 1: 570 Q48 V22
GMAT 2: 640 Q49 V28
GPA: 3.5
WE: Web Development (Computer Software)
Re: A merchant reduces the original price of a coat by 20 percent for a sp  [#permalink]

### Show Tags

16 Feb 2017, 07:12
A merchant reduces the original price of a coat by 20 percent for a spring sale. Finding that the coat did not sell, the merchant reduces the spring price by a further 15 percent at the start of the summer. The coat’s summer price is what percent of its original price?

A. 35%
B. 64%
C. 65%
D. 68%
E. 80%

Let x be the original price
after 20% decrease, new price = 0.8x
after 15% further decrease = 0.8x*.85=0.68x
coat’s summer price is what percent of its original price = 0.68x/x = 0.68 = 68%

Hence Option D is correct.
Hit Kudos if you liked it
Board of Directors
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4342
Location: India
GPA: 3.5
Re: A merchant reduces the original price of a coat by 20 percent for a sp  [#permalink]

### Show Tags

16 Feb 2017, 07:47
A merchant reduces the original price of a coat by 20 percent for a spring sale. Finding that the coat did not sell, the merchant reduces the spring price by a further 15 percent at the start of the summer. The coat’s summer price is what percent of its original price?

A. 35%
B. 64%
C. 65%
D. 68%
E. 80%

Let original price be 100

Reduced price of coat is 80

Final reduced price is $$\frac{80*(100-15)}{100} = 68$$

Thus, the final price of the coat is $$\frac{68}{100*100}$$ = 68% of the Original Price.

Hence, answer will be (D) 68%
_________________

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
Affiliations: Target Test Prep
Joined: 04 Mar 2011
Posts: 2830
Re: A merchant reduces the original price of a coat by 20 percent for a sp  [#permalink]

### Show Tags

21 Feb 2017, 09:21
1
A merchant reduces the original price of a coat by 20 percent for a spring sale. Finding that the coat did not sell, the merchant reduces the spring price by a further 15 percent at the start of the summer. The coat’s summer price is what percent of its original price?

A. 35%
B. 64%
C. 65%
D. 68%
E. 80%

We can let the original price of the coat = x. After a 20% reduction, the price is 0.8x. After another 15% reduction, the price is 0.85(0.8x) = 0.68x.

Thus, coat’s summer price is (0.68x/x)100 = 68% of the original price.

_________________

Jeffery Miller

GMAT Quant Self-Study Course
500+ lessons 3000+ practice problems 800+ HD solutions

Re: A merchant reduces the original price of a coat by 20 percent for a sp &nbs [#permalink] 21 Feb 2017, 09:21
Display posts from previous: Sort by