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23 Mar 2015, 06:41
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A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
87% (01:34) correct
13%
(02:28)
wrong
based on 254
sessions
History
Date
Time
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A retailer purchases shirts from a wholesaler and then sells the shirts in her store at a retail price that is 80 percent greater than the wholesale price. If the retailer decreases the retail price by 30 percent this will have the same effect as increasing the wholesale price by what percent?
A. 26
B. 37.5
C. 42
D. 44
E. 50
A. 26
B. 37.5
C. 42
D. 44
E. 50
Bunuel
A retailer purchases shirts from a wholesaler and then sells the shirts in her store at a retail price that is 80 percent greater than the wholesale price. If the retailer decreases the retail price by 30 percent this will have the same effect as increasing the wholesale price by what percent?
A. 26
B. 37.5
C. 42
D. 44
E. 50
Kudos for a correct solution.
A. 26
B. 37.5
C. 42
D. 44
E. 50
Kudos for a correct solution.
Let W be the wholesale price.
Then her final price is W*(1.8)(.7) = W * \(\frac{9}{5}*\frac{7}{10}\) = W\(*\frac{63}{50}\) = W \(*\frac{126}{100}\).
Therefore, the total increase is 26%.
Also, you could note that 7*8 ends in a 6, so your only option is A - you don't even have to do the math.
Answer: A
23 Mar 2015, 08:03
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Bookmarks
Bunuel
A retailer purchases shirts from a wholesaler and then sells the shirts in her store at a retail price that is 80 percent greater than the wholesale price. If the retailer decreases the retail price by 30 percent this will have the same effect as increasing the wholesale price by what percent?
A. 26
B. 37.5
C. 42
D. 44
E. 50
Kudos for a correct solution.
A. 26
B. 37.5
C. 42
D. 44
E. 50
Kudos for a correct solution.
X*1.8*0.7=1.26*X
26%
