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A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?
Re: A toy store regularly sells.....
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20 Jan 2011, 05:39
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I understand the answer explanation. But "before any discount" at the end of the question is confusing to me. Shouldn't it be "after discount(s)". I usually don't stumble upon these tricky wordings. But, this one got me. Please explain.
Re: A toy store regularly sells.....
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10 Jun 2011, 10:40
A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy " Which is " costing $16 before any discount?
Re: A toy store regularly sells.....
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12 Jan 2012, 14:28
Easy enough, if you have a calculator. Any suggestions on solving (16 * 0.6 * 0.75) without simply estimating?
Even if you figure the first part: 1.6 * 6 = 9.2, how can you accurately find 0.75 of 9.2? I always feel like I'm missing something on these questions, the OG answers simply state the answers as if a calculator were allowed.
Re: A toy store regularly sells.....
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15 Jan 2012, 21:24
A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?
A. $5.60 B. $7.20 C. $8.80 D. $9.60 E. $15.20
lowest price = max discount = 25% on top of 40% lowest price = 16 * (60/100) * (75/100) = 16 * (3/5) * (3/4) = 4 * 9 / 5 = 36 /5 = 7.20
Simple solution yet very confusing question
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17 Nov 2012, 19:42
A toy store regularly sells all stock at a discount of 20% - 40%. If an additional 25% were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?
I find this question extremely confusing, why would it say before any discount whereas what it really means is after all the discount?
The math itself in this question is very simple
16*(0.6)(0.75) = 7.20
Please advice, since i dont want to make silly mistake just because I dont know what the question is asking
A toy store regularly sells all stock at a discount of 20
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17 Nov 2012, 20:54
chibimoon wrote:
A toy store regularly sells all stock at a discount of 20% - 40%. If an additional 25% were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?
I find this question extremely confusing, why would it say before any discount whereas what it really means is after all the discount?
The math itself in this question is very simple
16*(0.6)(0.75) = 7.20
Please advice, since i dont want to make silly mistake just because I dont know what the question is asking
Thank you
I agree. The question is worded a bit poorly. But I think from the context it is quite clear that the 16$ is the price before the discount. You don not have to worry about such issues as the GMAT never frames unclear questions. What they are asking for is clearly conveyed.
Re: A toy store regularly sells all stock at a discount of 20
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19 Feb 2013, 01:35
Let the price be 100. So its sold between 60 to 80 (during usual discounts given) 60 would be the selling price after getting max discount of 40%. Also additional 25% discount is given. So 25% of 60 = 15. So, 100 would be sold at the max discount for 45. So calculating for 16 would be 7.2
Re: A toy store regularly sells all stock at a discount of 20
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24 Aug 2017, 16:57
Maximum discount can be 40%. Price becomes 100-40= 60. So after discount price is now (60/100)*16=9.6 Again after 25% discount, price becomes 100-25= 75 so final price is (75/100)*9.6=7.2
Re: A toy store regularly sells all stock at a discount of 20
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24 Aug 2017, 16:59
Work hard and never stop. Good time will come after bad time. Maximum discount can be 40%. Price becomes 100-40= 60. So after discount price is now (60/100)*16=9.6 Again after 25% discount, price becomes 100-25= 75 so final price is (75/100)*9.6=7.2[/quote]
Re: A toy store regularly sells all stock at a discount of 20
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20 Apr 2018, 14:32
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pzazz12 wrote:
A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?
A. $5.60 B. $7.20 C. $8.80 D. $9.60 E. $15.20
We can save some time by using the fact that the answer choices are spread out nicely (see video below for more on this).
To get the LOWEST possible price (after the two discounts), we must apply the biggest discount (which is a 40% discount)
So, AFTER the 40% discount, customers will pay 60% of the original price. 60% of $16 = (0.6)($16) = $9.60 So, the discounted price is $9.60
From here, we need to apply an additional 25% discount on $9.60 HOWEVER, before we do this, we should recognize that the answer choices are quite spread apart. So, we can be somewhat aggressive with our estimation.
AFTER the additional 25% discount, customers will pay 75% of the original price. So, we need to calculate 75% of $9.60.......yuck! Let's find 75% of $10.00 instead (close enough, right?)
75% of $10.00 = $7.50
So, if 75% of $10.00 is $7.50, then 75% of $9.60 will be a bit less than $7.50 Only answer choice B works.
Re: A toy store regularly sells all stock at a discount of 20
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25 Apr 2018, 15:43
Expert Reply
pzazz12 wrote:
A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?
A. $5.60 B. $7.20 C. $8.80 D. $9.60 E. $15.20
The lowest possible price of a $16 toy after discounts is 16 x 0.6 x 0.75 = $7.20.
A toy store regularly sells all stock at a discount of 20
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02 Jul 2019, 05:05
pzazz12 wrote:
A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sale, what would be the lowest possible price of a toy costing $16 before any discount?
A. $5.60 B. $7.20 C. $8.80 D. $9.60 E. $15.20
If time is an issue for you, the quickest way to solve this would be to use fractions. Do not waste time solving out the first price and then adding the additional discount.
Do it all at once, use fractions, and cancel.
16 * \(\frac{6}{10}\) * \(\frac{3}{4}\) = \(\frac{4*4*6*3}{5*2*4}\) Now cancel a 4 = \(\frac{4*6*3}{5*2}\) = \(\frac{72}{10}\) = 7.20 _________________
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