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 It is currently 09 Dec 2018, 16:56

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• ### Free GMAT Algebra Webinar

December 09, 2018

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### Show Tags

03 Oct 2018, 02:29
00:00

Difficulty:

5% (low)

Question Stats:

97% (00:41) correct 3% (00:30) wrong based on 39 sessions

### HideShow timer Statistics

If the list price of a new car was $12,300, what was the cost of the car to the dealer? (1) The cost to the dealer was equal to 80 percent of the list price. (2) The car was sold for$11,070, which was 12.5 percent more than the cost to the dealer.

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Re: If the list price of a new car was $12,300, what was the cost of the [#permalink] ### Show Tags 03 Oct 2018, 02:36 If the list price of a new car was$12,300, what was the cost of the car to the dealer?

(1) The cost to the dealer was equal to 80 percent of the list price.
$$12,300 * 0.80 = 9,840$$
SUFFICIENT

(2) The car was sold for $11,070, which was 12.5 percent more than the cost to the dealer. $$11,070 / 1.125 = 9,840$$ SUFFICIENT Answer: D _________________ If you can dream it, you can do it. Practice makes you perfect. Kudos are appreciated. Re: If the list price of a new car was$12,300, what was the cost of the &nbs [#permalink] 03 Oct 2018, 02:36
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