It is currently 18 Nov 2017, 18:27

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

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

If xerox paper costs 5 cents a sheet and a buyer gets 10%

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Intern
Intern
avatar
Joined: 25 Jan 2013
Posts: 24

Kudos [?]: 67 [0], given: 11

If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink]

Show Tags

New post 20 Feb 2013, 22:42
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

83% (02:02) correct 17% (03:43) wrong based on 77 sessions

HideShow timer Statistics

If xerox paper costs 5 cents a sheet and a buyer gets 10% discount on all xerox paper one buys after the first 2000 papers and 20% discount after first 10000 papers, how much will it cost to buy 25000 sheets of xerox paper?

A. $1250
B. $1060
C. $1350
D. $900
E. $1000
[Reveal] Spoiler: OA

Kudos [?]: 67 [0], given: 11

Manager
Manager
avatar
Joined: 17 Oct 2012
Posts: 71

Kudos [?]: 127 [0], given: 52

Location: India
Concentration: Strategy, Finance
WE: Information Technology (Computer Software)
Premium Member
Re: If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink]

Show Tags

New post 21 Feb 2013, 00:45
For first 2000 pages - cost 5 cents/paper
For 2001 - 10000 - cost 4.5 cents/paper
For 10000+ - 4cents/paper

So Cost = (5 cents * 2000 ) + (4.5 cents * 8000 ) + (4 cents * 15000) = $1060
alternatively, (0.05 x 2000)+(0.045x8000)+(0.04x15000) = 1,060

Hope it is clear.

Kudos [?]: 127 [0], given: 52

3 KUDOS received
Director
Director
User avatar
Status: Done with formalities.. and back..
Joined: 15 Sep 2012
Posts: 635

Kudos [?]: 664 [3], given: 23

Location: India
Concentration: Strategy, General Management
Schools: Olin - Wash U - Class of 2015
WE: Information Technology (Computer Software)
GMAT ToolKit User Premium Member Reviews Badge
Re: If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink]

Show Tags

New post 21 Feb 2013, 00:46
3
This post received
KUDOS
antoxavier wrote:
If xerox paper costs 5 cents a sheet and a buyer gets 10% discount on all xerox paper one buys after the first 2000 papers and 20% discount after first 10000 papers, how much will it cost to buy 25000 sheets of xerox paper?

A. $1250
B. $1060
C. $1350
D. $900
E. $1000

30 sec approach - solve it using approximation
25000 sheet at full price, 5 cent = 1250
25000 sheet at max discount price, 4 cent = 1000
Your ans got to be between these two.
Ans B it is.
_________________

Lets Kudos!!! ;-)
Black Friday Debrief

Kudos [?]: 664 [3], given: 23

Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 15704

Kudos [?]: 282 [0], given: 0

Premium Member
Re: If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink]

Show Tags

New post 13 Feb 2015, 12:58
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

Kudos [?]: 282 [0], given: 0

Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 15704

Kudos [?]: 282 [0], given: 0

Premium Member
Re: If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink]

Show Tags

New post 09 Jul 2017, 03:18
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

Kudos [?]: 282 [0], given: 0

Director
Director
avatar
P
Joined: 22 May 2016
Posts: 978

Kudos [?]: 337 [0], given: 591

If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink]

Show Tags

New post 10 Jul 2017, 03:28
antoxavier wrote:
If xerox paper costs 5 cents a sheet and a buyer gets 10% discount on all xerox paper one buys after the first 2000 papers and 20% discount after first 10000 papers, how much will it cost to buy 25000 sheets of xerox paper?

A. $1250
B. $1060
C. $1350
D. $900
E. $1000

Another 30-second approach: move the decimal point on cents to the right two places. Move the decimal point on quantity to the left two places. Each move offsets the other.

1. First batch at cost 5 (no discount) * 20 = total cost of 100

2. Second batch at discount of .9*5 = 4.5 * 80.

\(\frac{9}{2}\) * 80 = total cost of 360

3. Third batch at discount of .8*5 = 4.

4 * 150 = total cost of 600

4. 100 + 360 + 600 = 1060

Answer B

Kudos [?]: 337 [0], given: 591

Expert Post
Target Test Prep Representative
User avatar
S
Status: Founder & CEO
Affiliations: Target Test Prep
Joined: 14 Oct 2015
Posts: 1806

Kudos [?]: 920 [0], given: 3

Location: United States (CA)
Re: If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink]

Show Tags

New post 12 Jul 2017, 17:01
antoxavier wrote:
If xerox paper costs 5 cents a sheet and a buyer gets 10% discount on all xerox paper one buys after the first 2000 papers and 20% discount after first 10000 papers, how much will it cost to buy 25000 sheets of xerox paper?

A. $1250
B. $1060
C. $1350
D. $900
E. $1000


The first 2,000 sheets cost 2,000 x 5 = 10,000 cents = 100 dollars.

The next 8,000 sheets cost 8,000 x 5 x 0.9 = 36,000 cents = 360 dollars.

The last 15,000 sheets cost 15,000 x 5 x 0.8 = 60,000 cents = 600 dollars.

Thus, the total for 25,000 sheets is 100 + 360 + 600 = 1,060 dollars.

Answer: B
_________________

Scott Woodbury-Stewart
Founder and CEO

GMAT Quant Self-Study Course
500+ lessons 3000+ practice problems 800+ HD solutions

Kudos [?]: 920 [0], given: 3

Re: If xerox paper costs 5 cents a sheet and a buyer gets 10%   [#permalink] 12 Jul 2017, 17:01
Display posts from previous: Sort by

If xerox paper costs 5 cents a sheet and a buyer gets 10%

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


cron

GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

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

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.