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20 Feb 2025, 04:47
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x: 25
y: 20
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
78% (02:06) correct
22%
(02:48)
wrong
based on 245
sessions
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A vendor increases the price of an item by x% of its cost price to determine the selling price. However, when the item does not sell, he offers a discount of y% on the selling price. As a result, on the sale of the item at the current price he neither makes a profit nor incurs a loss on the transaction.
Select the two values of x and y from the table that are consistent with the given conditions.
Source: http://www.GMATinsight.com
LINK for more TPA questions
Select the two values of x and y from the table that are consistent with the given conditions.
Source: http://www.GMATinsight.com
LINK for more TPA questions
| x | y | Statement |
| 15 | ||
| 20 | ||
| 25 | ||
| 30 | ||
| 35 | ||
| 40 |
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Official Answer
x: 25
y: 20
21 Feb 2025, 10:55
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Pretty straightforward and simple, you can just plug in values until you get the right answer.
You can also think of it as in fractions as well.
First think of it starting at 100/100, the original cost. An increase of 25/100 would mean the fraction goes to 125/100 or 5/4.
Take the reciprocal (4/5) in order to figure out which discount brings the selling price back to its original cost. 20/100 or 4/5 fits this perfectly.
Therefore, x = 25 and y = 20.
You can also think of it as in fractions as well.
First think of it starting at 100/100, the original cost. An increase of 25/100 would mean the fraction goes to 125/100 or 5/4.
Take the reciprocal (4/5) in order to figure out which discount brings the selling price back to its original cost. 20/100 or 4/5 fits this perfectly.
Therefore, x = 25 and y = 20.
