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

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

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New post 08 Feb 2018, 04:36
00:00
A
B
C
D
E

Difficulty:

  75% (hard)

Question Stats:

44% (01:09) correct 56% (00:56) wrong based on 66 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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Re: During a sale, a certain item is sold at a price 40% below its usual  [#permalink]

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New post 08 Feb 2018, 04:48
Answer A

100-40=60

12 is 40
100 ?

12/40*100=30

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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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New post 08 Feb 2018, 04:49
30 is original sales price, actual selling price is 18 option c

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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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New post 08 Feb 2018, 05:01
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

Answer is C
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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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New post 31 Oct 2018, 01:01
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
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Re: During a sale, a certain item is sold at a price 40% below its usual &nbs [#permalink] 31 Oct 2018, 01:01
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