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A store regularly offers a discount of 30 percent to 50 percent on all

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V
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A store regularly offers a discount of 30 percent to 50 percent on all [#permalink]

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New post 25 Dec 2017, 00:12
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A store regularly offers a discount of 30 percent to 50 percent on all items. If an additional 20 percent were deducted from the discount price during a special sale, what is the lowest possible price of an item whose tag price was $65?

A. $20
B. $26
C. $30
D. $32.5
E. $52
[Reveal] Spoiler: OA

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B
Joined: 18 Feb 2017
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Re: A store regularly offers a discount of 30 percent to 50 percent on all [#permalink]

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New post 25 Dec 2017, 05:33
Considering we have to figure out the lowest possible price, we have to assume that the store offers 50% discount off the tagged price with an additional 20% special sale discount. Therefore, the item will sell at 80% of the already discounted price.
Based on the above assumption, the lowest possible price of the item whose tagged price is 65 dollars will be (0.8*0.5*65)dollars = 26 dollars. Hence, B is the correct answer.
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Joined: 14 Jun 2017
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GMAT 2: 710 Q48 V38
Re: A store regularly offers a discount of 30 percent to 50 percent on all [#permalink]

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New post 25 Dec 2017, 11:13
Store regularly offers a discount of 30 percent to 50 percent on all items.: For us to get the lowest possible price- we need to get the maximum possible discount i.e. 50%. So, if tag price= $65, regular discounted price becomes= 65 * .5= $32.5.

Now, let's add another 20% special discount: we're basically paying 80% of the regularly discounted price of $32.5= 0.8*32.5= $ 26, hence B.
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Joined: 14 Jun 2017
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GMAT 1: 700 Q48 V38
GMAT 2: 710 Q48 V38
Re: A store regularly offers a discount of 30 percent to 50 percent on all [#permalink]

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New post 25 Dec 2017, 11:17
After posting, I realized that I have been 'lurking' on these forums for months now but had never posted before. I've learned so much from the experts and contributors here!

Bunuel I've read 10-15% of your posts, if that, but have to say you're just amazing! My understanding of quant for GMAT has increased tremendously after reading your well detailed explanations!! You're truly a blessing!
Re: A store regularly offers a discount of 30 percent to 50 percent on all   [#permalink] 25 Dec 2017, 11:17
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