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During a sale, a store sells 20 percent of its remaining stock each

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During a sale, a store sells 20 percent of its remaining stock each  [#permalink]

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New post 12 Dec 2015, 08:26
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During a sale, a store sells 20 percent of its remaining stock each day, without replenishment. After four days, what fraction of its original stock has it sold?

A. 1/625
B. 256/625
C. 61/125
D. 64/125
E. 369/625

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Re: During a sale, a store sells 20 percent of its remaining stock each  [#permalink]

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New post 12 Dec 2015, 12:04
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Bunuel wrote:
During a sale, a store sells 20 percent of its remaining stock each day, without replenishment. After four days, what fraction of its original stock has it sold?

A. 1/625
B. 256/625
C. 61/125
D. 64/125
E. 369/625



Let's pick a smart number for the initial amount. The store sold 20 percent each day, hmm, after looking at the answer choices 625 is used pretty often, so let's pick it.
1st day: 125 items sold, 500 left
2nd day: 100 items sold, 400 left
3rd day: 80 sold, 320 left
4th day: 64 sold, 256 left
\(Sum of the sold items = 125+100+80+64=369 --> \frac{369}{625}\), Answer E
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Re: During a sale, a store sells 20 percent of its remaining stock each  [#permalink]

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New post 14 Dec 2015, 16:07
Hi All,

This question can be solved by TESTing VALUES (the approach that BrainLab used). I'd like to add a particular point as to WHY it's so useful to use the number 625 - it's not just that it shows up in 3 of the 5 answer choices... ALL 5 answer choices can be written as 'fractions out of 625', it's just that 2 of the answers have been reduced.

Once you have that starting value, you can work through the individual calculations as shown. It's important to note what the question specifically ASKS FOR though. One of the wrong choices answers the question "what fraction of its stock does it have left?' (Answer B).

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Re: During a sale, a store sells 20 percent of its remaining stock each  [#permalink]

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New post 30 May 2017, 22:27
The store keeps selling 20% or 1/5 of its stock daily, without replacing. So at the end of the day, the stock that remains is 4/5 of the original stock. We have to find the fraction after four days, which means we have to multiply the original value four times by 4/5.

So lets start with a number '625' which represents the original stock. (because 625 = 5^4)
Thus, stock after 4 days = 625 * 4/5 * 4/5 * 4/5 * 4/5 = 256.
Stock remaining = 625-256 = 369

So the required fraction = 369/625

Hence E is answer
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Re: During a sale, a store sells 20 percent of its remaining stock each  [#permalink]

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New post 01 Jun 2017, 09:23
1
Bunuel wrote:
During a sale, a store sells 20 percent of its remaining stock each day, without replenishment. After four days, what fraction of its original stock has it sold?

A. 1/625
B. 256/625
C. 61/125
D. 64/125
E. 369/625


We can let the initial stock = x.

After day 1:

0.2x is sold and 0.8x is left over.

After day 2:

0.2(0.8x) = 0.16x is sold and 0.8(0.8x) = 0.64x is left over.

After day 3:

(0.2)(0.64x) = 0.128x is sold and 0.8(0.64x) = 0.512x is left over.

After day 4:

0.2(0.512x) = 0.1024x is sold and 0.8(0.512x) = 0.4096x is left over.

Since 0.4096x is left over at the end of 4 days, 1 - 0.4096 = 0.5904, or 59.04%, of the initial stock was sold. We re-express 0.5904 as a fraction: 0.5904 = 5904/10,000 = 738/1250 = 369/625 of the original stock was sold.

Answer: E
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Re: During a sale, a store sells 20 percent of its remaining stock each  [#permalink]

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New post 03 Jun 2017, 06:24
Most easiest option i guess is use fraction i.e. first day 1/5 of X is sold and next day 4/5 of the stock remained.
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During a sale, a store sells 20 percent of its remaining stock each  [#permalink]

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New post 03 Jun 2017, 07:42
Bunuel wrote:
During a sale, a store sells 20 percent of its remaining stock each day, without replenishment. After four days, what fraction of its original stock has it sold?

A. 1/625
B. 256/625
C. 61/125
D. 64/125
E. 369/625


\(20\) % = \(\frac{1}{5}\)

Thus, there is a reduction in stock by the fraction of \(\frac{1}{5}^{th}\)

Let, The total stock be 625 Units....

Day 1 : Stock in Hand = 625, Sold = 125, Remaining = 500
Day 2 : Stock in Hand = 500, Sold = 100, Remaining = 400
Day 3 : Stock in Hand = 400, Sold = 80, Remaining = 320
Day 4 : Stock in Hand = 320, Sold = 64, Remaining = 256

Total Quantity of Stock sold is 625 - 256 = 369 Units...

Quote:
After four days, what fraction of its original stock has it sold?


So, fraction of Original Stock he has is \(\frac{369}{625}\)

Thus, Answer must be (C) \(\frac{369}{625}\)
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Re: During a sale, a store sells 20 percent of its remaining stock each  [#permalink]

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Re: During a sale, a store sells 20 percent of its remaining stock each &nbs [#permalink] 25 Dec 2018, 10:01
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