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A certain percentage of questions in the Quant section of the GMAT are just 'math questions' - you'll use a formula, do some calculations and you'll have the answer. This is one of those types of questions. You still have to write everything down and stay organized, but the work involved is relatively straight-forward.

Here, we're told that the price of a coat is $500 and that the price of the coat is to be reduced by $150. We're asked by what PERCENT is the price to be REDUCED?

Original Price = $500 Reduction = $150

The percent reduction is relative to the original price of the coat:

Re: The price of a coat in a certain store is $500. If the price of the co [#permalink]

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17 Apr 2016, 02:35

500-150 is 350

350/500

To get from 500 to 100 (which is the reference point for percentages), you divide by 5. Then divide 350 by 5 to get 70. 70/100 means that the price dropped by 30%
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Re: The price of a coat in a certain store is $500. If the price of the co [#permalink]

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02 Jan 2018, 03:42

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