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

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Joined: 25 Jan 2013
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If xerox paper costs 5 cents a sheet and a buyer gets 10%  [#permalink]

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20 Feb 2013, 21:42
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Difficulty:

35% (medium)

Question Stats:

77% (02:23) correct 23% (02:49) wrong based on 112 sessions

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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 Most Helpful Community Reply Director Status: Done with formalities.. and back.. Joined: 15 Sep 2012 Posts: 595 Location: India Concentration: Strategy, General Management Schools: Olin - Wash U - Class of 2015 WE: Information Technology (Computer Software) Re: If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink] Show Tags 20 Feb 2013, 23:46 5 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.
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Manager
Joined: 17 Oct 2012
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Location: India
Concentration: Strategy, Finance
WE: Information Technology (Computer Software)
Re: If xerox paper costs 5 cents a sheet and a buyer gets 10%  [#permalink]

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20 Feb 2013, 23:45
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. Senior SC Moderator Joined: 22 May 2016 Posts: 2207 If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink] Show Tags 10 Jul 2017, 02:28 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

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

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12 Jul 2017, 16:01
2
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 EMPOWERgmat Instructor Status: GMAT Assassin/Co-Founder Affiliations: EMPOWERgmat Joined: 19 Dec 2014 Posts: 13074 Location: United States (CA) GMAT 1: 800 Q51 V49 GRE 1: Q170 V170 Re: If xerox paper costs 5 cents a sheet and a buyer gets 10% [#permalink] Show Tags 05 Dec 2017, 11:50 1 Hi All, To start, the GMAT almost always lists the answer choices 'in order' (often from least to greatest although sometimes in decreasing order). You can sometimes take strategic advantage of that information, so it's important to make sure that you're using practice questions that follow that design pattern. That all having been said, to answer this question, we need to break the calculation down in to 'pieces' (based on the cost/discount of each piece): The cost of the first 2,000 sheets The cost of the next 8,000 sheets The cost of the final 15,000 sheets At$0.05 per sheet, the first 2,000 sheets would cost (2,000)($0.05) =$100

Since a 10% discount is applied to the TOTAL cost of the next 8,000 sheets, that cost would be....
(8,000)($0.05) =$400 - (.1)($400) =$360

A 20% discount is applied to the TOTAL cost of the final 15,000 sheets....
(15,000)($0.05) =$750 - (.2)($750) =$600

Total Cost = $100 +$360 + $600 =$1060

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Re: If xerox paper costs 5 cents a sheet and a buyer gets 10% &nbs [#permalink] 05 Dec 2017, 11:50
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