Last visit was: 24 Apr 2024, 21:06 It is currently 24 Apr 2024, 21:06

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
SORT BY:
Date
Tags:
Show Tags
Hide Tags
avatar
Manager
Manager
Joined: 22 Aug 2013
Posts: 61
Own Kudos [?]: 154 [21]
Given Kudos: 60
Schools: ISB '15
Send PM
Senior Manager
Senior Manager
Joined: 09 Sep 2013
Status:Alum
Posts: 412
Own Kudos [?]: 394 [2]
Given Kudos: 155
Location: United States
GMAT 1: 730 Q52 V37
Send PM
Manager
Manager
Joined: 08 Sep 2016
Posts: 77
Own Kudos [?]: 54 [1]
Given Kudos: 25
Send PM
VP
VP
Joined: 13 Apr 2013
Status:It's near - I can see.
Posts: 1479
Own Kudos [?]: 1601 [0]
Given Kudos: 1002
Location: India
Concentration: International Business, Operations
GPA: 3.01
WE:Engineering (Real Estate)
Send PM
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink]
seabhi wrote:
If candy bars that regularly sell for $0.40 each are on sale at two for $0.75, what is the percent reduction in the price of two such candy bars purchased at the sale price?

(A) \(2\frac{1}{2}%\)
(B) \(6\frac{1}{4}%\)
(C) \(6\frac{2}{3}%\)
(D) 8%
(E) \(12\frac{1}{2}%\)


Regular price of two candies =\(2 * 0.40 = $0.80\)

Discounted price of two candies = \($0.75\)

Difference = \(0.85 - 0.75 = $0.5\)

Percent reduction at sale price = \(\frac{0.5}{0.80}\)

\(= 6.25\)%

(B)
Board of Directors
Joined: 11 Jun 2011
Status:QA & VA Forum Moderator
Posts: 6072
Own Kudos [?]: 4689 [1]
Given Kudos: 463
Location: India
GPA: 3.5
WE:Business Development (Commercial Banking)
Send PM
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink]
1
Bookmarks
seabhi wrote:
If candy bars that regularly sell for $0.40 each are on sale at two for $0.75, what is the percent reduction in the price of two such candy bars purchased at the sale price?

(A) \(2\frac{1}{2}%\)
(B) \(6\frac{1}{4}%\)
(C) \(6\frac{2}{3}%\)
(D) 8%
(E) \(12\frac{1}{2}%\)


\(\frac{80 - 75}{80}*100\)

= \(6\frac{1}{4}%\), Answer must be (B)
Target Test Prep Representative
Joined: 04 Mar 2011
Status:Head GMAT Instructor
Affiliations: Target Test Prep
Posts: 3043
Own Kudos [?]: 6272 [1]
Given Kudos: 1646
Send PM
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink]
1
Bookmarks
Expert Reply
seabhi wrote:
If candy bars that regularly sell for $0.40 each are on sale at two for $0.75, what is the percent reduction in the price of two such candy bars purchased at the sale price?

(A) \(2\frac{1}{2}%\)
(B) \(6\frac{1}{4}%\)
(C) \(6\frac{2}{3}%\)
(D) 8%
(E) \(12\frac{1}{2}%\)


We use the formula for percent change: (new - old)/old x 100. The regular (old) price for two candy bars is 0.8, and the sale price (new) is 0.75;thus, the percent reduction is:

(0.75 - 0.8)/0.8 x 100

(75 - 80)/80 x 100

-5/80 x 100 = -1/16 x 100 = -100/16 = -25/4 = 6 1/4 percent less

Answer: B
Intern
Intern
Joined: 21 Jan 2019
Posts: 1
Own Kudos [?]: 1 [0]
Given Kudos: 3
Send PM
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink]
2*0.40 =0.80
price given is 0.75

diff 0.05

(0.05/0.80)*100 = 25/4= 6 1/4

Thanks
Manohar Reddy
Target Test Prep Representative
Joined: 14 Oct 2015
Status:Founder & CEO
Affiliations: Target Test Prep
Posts: 18756
Own Kudos [?]: 22049 [1]
Given Kudos: 283
Location: United States (CA)
Send PM
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink]
1
Kudos
Expert Reply
seabhi wrote:
If candy bars that regularly sell for $0.40 each are on sale at two for $0.75, what is the percent reduction in the price of two such candy bars purchased at the sale price?

(A) \(2\frac{1}{2}%\)
(B) \(6\frac{1}{4}%\)
(C) \(6\frac{2}{3}%\)
(D) 8%
(E) \(12\frac{1}{2}%\)


The percent change is:

(0.75 - 0.8)/0.8 = -0.05/0.8 = -6.25%

Thus, the reduction is 6.25% or, equivalently, 6 1/4 %.

Answer: B
Director
Director
Joined: 28 Sep 2018
Posts: 734
Own Kudos [?]: 559 [0]
Given Kudos: 248
GMAT 1: 660 Q48 V33 (Online)
GMAT 2: 700 Q49 V37
Send PM
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink]
EducationAisle lets say we were asked to find the price reduction of 1. In that case we could still have found the percentage reduction of 2 and got our answer right? Whether we find the percentage reduction of 1,2 or 100 the answer will remain the same right?

Could you throw some light on this logic
CEO
CEO
Joined: 27 Mar 2010
Posts: 3675
Own Kudos [?]: 3528 [1]
Given Kudos: 149
Location: India
Schools: ISB
GPA: 3.31
Send PM
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink]
1
Kudos
Expert Reply
You are correct. Percentage reduction would still be the same, irrespective of the number of items that the sentence is talking about.
User avatar
Non-Human User
Joined: 09 Sep 2013
Posts: 32658
Own Kudos [?]: 821 [0]
Given Kudos: 0
Send PM
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink]
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
GMAT Club Bot
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink]
Moderators:
Math Expert
92900 posts
Senior Moderator - Masters Forum
3137 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne