Summer is Coming! Join the Game of Timers Competition to Win Epic Prizes. Registration is Open. Game starts Mon July 1st.

 It is currently 19 Jul 2019, 03:27

### 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

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

# On Monday, the regular price of a widget was discounted by 25 percent.

Author Message
TAGS:

### Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 56302
On Monday, the regular price of a widget was discounted by 25 percent.  [#permalink]

### Show Tags

21 Aug 2018, 05:59
00:00

Difficulty:

5% (low)

Question Stats:

89% (01:15) correct 11% (01:39) wrong based on 51 sessions

### HideShow timer Statistics

On Monday, the regular price of a widget was discounted by 25 percent. On Tuesday, the reduced price was discounted by 50 percent. If the final price was $60, what was the regular price? A.$135
B. $150 C.$160
D. $175 E.$180

_________________
Director
Joined: 20 Feb 2015
Posts: 790
Concentration: Strategy, General Management
Re: On Monday, the regular price of a widget was discounted by 25 percent.  [#permalink]

### Show Tags

21 Aug 2018, 06:08
Bunuel wrote:
On Monday, the regular price of a widget was discounted by 25 percent. On Tuesday, the reduced price was discounted by 50 percent. If the final price was $60, what was the regular price? A.$135
B. $150 C.$160
D. $175 E.$180

let the original price be x
x---25%--->y
y---50%--->z

z=60

0.5y=60
y=120

0.75x=120
x=160
Board of Directors
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4512
Location: India
GPA: 3.5
Re: On Monday, the regular price of a widget was discounted by 25 percent.  [#permalink]

### Show Tags

21 Aug 2018, 11:36
Bunuel wrote:
On Monday, the regular price of a widget was discounted by 25 percent. On Tuesday, the reduced price was discounted by 50 percent. If the final price was $60, what was the regular price? A.$135
B. $150 C.$160
D. $175 E.$180

Effective Discount in percentage is $$-25 - 50 + \frac{25*50}{100}$$ = $$-75 + 12.5 = -62.5$$

If, the price of the item was 100 then the final price on Tues after 2 successive discounts was 37.50

So, The original price was $$\frac{60}{37.5}*100 = 160$$ , Answer must be (C) $160 _________________ 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 ) SVP Joined: 26 Mar 2013 Posts: 2284 On Monday, the regular price of a widget was discounted by 25 percent. [#permalink] ### Show Tags 22 Aug 2018, 05:33 Bunuel wrote: On Monday, the regular price of a widget was discounted by 25 percent. On Tuesday, the reduced price was discounted by 50 percent. If the final price was$60, what was the regular price?

A. $135 B.$150
C. $160 D.$175
E. $180 Almost no calculation Let original price = x 25% discount on Monday = 75% of x = $$\frac{3}{4}x$$ 50% of Monday price = $$\frac{1}{2}$$*$$\frac{3}{4}x$$=$$\frac{3}{8}x$$ Scanning answer choices, you will find only one number divide 8 evenly and gives integer value (60) Answer: C Intern Joined: 14 Sep 2014 Posts: 12 Re: On Monday, the regular price of a widget was discounted by 25 percent. [#permalink] ### Show Tags 22 Aug 2018, 05:50 This is simple math Do cake in your mind and write one equation .75x.5xN = 60 and dolce Easily 3/4 x 1/2 Posted from my mobile device Target Test Prep Representative Status: Founder & CEO Affiliations: Target Test Prep Joined: 14 Oct 2015 Posts: 6925 Location: United States (CA) Re: On Monday, the regular price of a widget was discounted by 25 percent. [#permalink] ### Show Tags 23 Aug 2018, 17:05 Bunuel wrote: On Monday, the regular price of a widget was discounted by 25 percent. On Tuesday, the reduced price was discounted by 50 percent. If the final price was$60, what was the regular price?

A. $135 B.$150
C. $160 D.$175
E. $180 We let n = the regular price of the widget. We can create the equation: n x 3/4 x 1/2 = 60 3n/8 = 60 3n = 480 n = 160 Answer: C _________________ # Scott Woodbury-Stewart Founder and CEO Scott@TargetTestPrep.com 122 Reviews 5-star rated online GMAT quant self study course See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews If you find one of my posts helpful, please take a moment to click on the "Kudos" button. e-GMAT Representative Joined: 04 Jan 2015 Posts: 2943 Re: On Monday, the regular price of a widget was discounted by 25 percent. [#permalink] ### Show Tags 23 Aug 2018, 22:33 Solution Given: • On Monday, the regular price of a widget was discounted by 25 percent. • On Tuesday, the reduced price was discounted by 50 percent. • Final price is$60.

To find:
• The regular price of the widget.

Approach and Working:

Let us assume the regular of widget is P.
• Hence, on Monday the price of widget gets discounted by 25%.
o Hence, the price on Monday is= ¾ *P

• Now, on Tuesday, the price gets further discounted by 50 percent.
o Hence, the price on Monday is= ½* ¾ *p= 3/8 P
o Now, 3/8 P= 60.
 P= 160

Hence, the correct answer is option C.

_________________
Re: On Monday, the regular price of a widget was discounted by 25 percent.   [#permalink] 23 Aug 2018, 22:33
Display posts from previous: Sort by