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# During a sale, a certain item is sold at a price 40% below its usual

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Math Expert
Joined: 02 Sep 2009
Posts: 55804
During a sale, a certain item is sold at a price 40% below its usual  [#permalink]

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08 Feb 2018, 05:36
00:00

Difficulty:

65% (hard)

Question Stats:

50% (01:12) correct 50% (01:11) wrong based on 75 sessions

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During a sale, a certain item is sold at a price 40% below its usual selling price. If the dollar savings on the item is \$12, then what is its sale price?

(A) \$30

(B) \$24

(C) \$18

(D) \$15

(E) \$6

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Manager
Joined: 26 Sep 2017
Posts: 58
Re: During a sale, a certain item is sold at a price 40% below its usual  [#permalink]

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08 Feb 2018, 05:48

100-40=60

12 is 40
100 ?

12/40*100=30

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Manager
Joined: 26 Sep 2017
Posts: 58
Re: During a sale, a certain item is sold at a price 40% below its usual  [#permalink]

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08 Feb 2018, 05:49
30 is original sales price, actual selling price is 18 option c

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Intern
Joined: 08 Sep 2016
Posts: 32
Re: During a sale, a certain item is sold at a price 40% below its usual  [#permalink]

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08 Feb 2018, 06:01
During a sale, a certain item is sold at a price 40% below its usual selling price. If the dollar savings on the item is \$12, then what is its sale price?

(A) \$30

(B) \$24

(C) \$18

(D) \$15

(E) \$6

Price during the Sale = Selling Price - 40%

Dollar saving = 12%
i.e., 40% = 12%

We now need to find out the sale price, which is the remaining 60%

Therefore, If 40% = 12
Then,60% = ?
Cross multiply 60% *12/40% = 18

Intern
Joined: 16 May 2018
Posts: 31
Location: India
Schools: Queen's MBA'20
GMAT 1: 610 Q44 V30
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Re: During a sale, a certain item is sold at a price 40% below its usual  [#permalink]

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31 Oct 2018, 02:01
The item is sold at a price 40% below its usual selling price and the dollars saving is \$12.

We can derive the following equation as -
Let the orignal price be "x"

now 40% of x is 12,

(40/100) * x = 12
x = 12*(100/40)
x = 30. (This is the original price of the item prior to the sale)

The sale price would be -

Original price - 40% of original price,
= 30 - (40/100)*30
= 30 - 12
= 18

Hence, C
Re: During a sale, a certain item is sold at a price 40% below its usual   [#permalink] 31 Oct 2018, 02:01
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