NEW HERE? LEARN MORE
closeclose
It is currently 17 Apr 2024, 19:20
Register
GMAT Focus Tests
Decision Tracker
My Rewards
New posts
New comers' posts

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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

If candy bars that regularly sell for $0.40 each are on sale at two fo

11 posts Go to First Unread Post
Print view
NEW TOPIC
POST REPLY
Question banks

GMAT Question Banks

Downloads
My Bookmarks
Reviews
SORT BY:
Date
Kudos
avatar
seabhi
Manager
Manager
Joined: 22 Aug 2013
Posts: 61
Schools: ISB '15
If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink] New post  Updated on: 09 Mar 2021, 00:14
2
Kudos
18
Bookmarks
00:00
A
B
C
D
E

Difficulty:

15% (low)

Question Stats:

79% (01:38) correct 21% (01:47) wrong based on 1007 sessions
Hide Show timer Statistics
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) \(12\frac{1}{2}\%\)
ShowHide Answer
Official Answer
Official Answer and Stats are available only to registered users. Register/Login.

Originally posted by seabhi on 11 Feb 2014, 07:09.
Last edited by Bunuel on 09 Mar 2021, 00:14, edited 2 times in total.
Edited the question.
User avatar
B
farful
Senior Manager
Senior Manager
Joined: 09 Sep 2013
Status:Alum
Posts: 412
Location: United States
Schools: Tepper '16 (M)
GMAT 1: 730 Q52 V37
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink] New post  11 Feb 2014, 07:17
1
Kudos
Regular price is $0.80, sales price is $0.75.

So, 80-(80 * x%)=75
5 = 80*x%
x% = 5/80 = 1/16 = 6.25%
_________________
My review of some of the CAT practice exams
You can usually find me on gmatclub's chat.
Signature Read More
avatar
B
Funsho84
Manager
Manager
Joined: 08 Sep 2016
Posts: 77
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink] New post  02 Apr 2018, 10:56
1
Kudos
you can use the percent change formula to answer this question: ((New - Old) / Old) *100

New = 75
Old = 80

((75-80)/ 80)*100 = 6.25
answer B
User avatar
L
ScottTargetTestPrep
Target Test Prep Representative
Joined: 14 Oct 2015
Status:Founder & CEO
Affiliations: Target Test Prep
Posts: 18737
Location: United States (CA)
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink] New post  01 May 2020, 15:59
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
_________________
See why Target Test Prep is the top rated GMAT course on GMAT Club. Read Our Reviews
Signature Read More
User avatar
L
EducationAisle
CEO
CEO
Joined: 27 Mar 2010
Posts: 3675
Location: India
Schools: ISB
GPA: 3.31
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink] New post  10 Mar 2021, 04:28
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.
_________________
Ashish
MBA-ISB Hyderabad, GMAT-99th percentile
www.EducationAisle.com
Signature Read More
User avatar
L
AkshdeepS
VP
VP
Joined: 13 Apr 2013
Status:It's near - I can see.
Posts: 1481
Location: India
Concentration: International Business, Operations
GPA: 3.01
WE:Engineering (Real Estate)
Reviews Badge
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink] New post  03 Apr 2018, 05:49
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)
_________________
"Do not watch clock; Do what it does. KEEP GOING."
Signature Read More
User avatar
L
Abhishek009
Board of Directors
Joined: 11 Jun 2011
Status:QA & VA Forum Moderator
Posts: 6075
Location: India
GPA: 3.5
WE:Business Development (Commercial Banking)
GMAT ToolKit User
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink] New post  03 Apr 2018, 08:56
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)
_________________
Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )
Signature Read More
User avatar
P
JeffTargetTestPrep
Target Test Prep Representative
Joined: 04 Mar 2011
Status:Head GMAT Instructor
Affiliations: Target Test Prep
Posts: 3043
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink] New post  05 Apr 2018, 17:12
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
_________________
See why Target Test Prep is the top rated GMAT course on GMAT Club. Read Our Reviews
Signature Read More
avatar
B
reddymanohar2092
Intern
Intern
Joined: 21 Jan 2019
Posts: 1
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink] New post  29 Apr 2020, 09:52
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
User avatar
D
Hoozan
Director
Director
Joined: 28 Sep 2018
Posts: 735
GMAT 1: 660 Q48 V33 (Online)
GMAT 2: 700 Q49 V37
Reviews Badge
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink] New post  08 Mar 2021, 23:43
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
User avatar
bumpbot
Non-Human User
Joined: 09 Sep 2013
Posts: 32535
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink] New post  26 Oct 2023, 21:09
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 Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources
Signature Read More
GMAT Club Bot
gmatclubot
Re: If candy bars that regularly sell for $0.40 each are on sale at two fo [#permalink]
26 Oct 2023, 21:09
NEW TOPIC
POST REPLY
Downloads
My Bookmarks
Reviews
Moderators:
Bunuel
Math Expert
92741 posts
yashikaaggarwal
Senior Moderator - Masters Forum
3137 posts

cron

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions