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29 Mar 2018, 00:03
00:00

Difficulty:

35% (medium)

Question Stats:

86% (01:37) correct 14% (00:58) wrong based on 26 sessions

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A pair of athletic shoes that usually sells for $170 is marked down for a clearance sale. If the sales tax rate is 8 percent, how much does the customer pay for the marked-down shoes, including sales tax? (1) Including sales tax, the customer saves a total of$36.72.
(2) The sales tax on the marked-down price is $10.88. _________________ examPAL Representative Joined: 07 Dec 2017 Posts: 1140 Re: A pair of athletic shoes that usually sells for$170 is marked down fo  [#permalink]

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29 Mar 2018, 00:28
1
Bunuel wrote:
A pair of athletic shoes that usually sells for $170 is marked down for a clearance sale. If the sales tax rate is 8 percent, how much does the customer pay for the marked-down shoes, including sales tax? (1) Including sales tax, the customer saves a total of$36.72.
(2) The sales tax on the marked-down price is $10.88. To calculate the price the customer pays, we need to know the marked-down price and the sales tax on the marked down price. We'll look for statements that give us this information, a Logical approach. (1) Since we know the original price ($170+tax) and we know the amount the customer saved, we can calculate the amount the customer spent.
Sufficient.

(2) We know the sales tax on the marked-down price and since we know that the sales tax is 8% we can also calculate the marked-down price. Then we can calculate the total amount the customer paid.
Sufficient.

(D) is our answer.
_________________
Intern
Joined: 31 Mar 2018
Posts: 4
Re: A pair of athletic shoes that usually sells for $170 is marked down fo [#permalink] ### Show Tags 02 Apr 2018, 08:14 Let the marked down price be x. From statement (1), Total savings =$36.72
Initial marked price - Discounted price + Sales tax on discounted price = $36.72 $$170-x+0.08x = 36.72$$ Thus, statement (1) is sufficient in itself. From statement (2), Sales tax paid =$10.88
=> $$0.08x = 10.88$$
=> $$x = \frac{10.88}{0.08}$$

Thus, statement (2) is also sufficient in itself.

Therefore, the correct answer is D
Re: A pair of athletic shoes that usually sells for $170 is marked down fo [#permalink] 02 Apr 2018, 08:14 Display posts from previous: Sort by # A pair of athletic shoes that usually sells for$170 is marked down fo

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