GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 19 Sep 2018, 06:34

### 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

# The price of a cycle is reduced by 25 per cent. The new price is reduc

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

### Hide Tags

Math Expert
Joined: 02 Sep 2009
Posts: 49258
The price of a cycle is reduced by 25 per cent. The new price is reduc  [#permalink]

### Show Tags

13 May 2016, 05:02
00:00

Difficulty:

5% (low)

Question Stats:

90% (00:31) correct 10% (00:19) wrong based on 59 sessions

### HideShow timer Statistics

The price of a cycle is reduced by 25 per cent. The new price is reduced by a further 20 per cent. The two reductions together are equal to a single reduction of

A. 45%
B. 40%
C. 35%
D. 32.5%
E. 30%

_________________
Senior Manager
Joined: 31 Mar 2016
Posts: 396
Location: India
Concentration: Operations, Finance
GMAT 1: 670 Q48 V34
GPA: 3.8
WE: Operations (Commercial Banking)
Re: The price of a cycle is reduced by 25 per cent. The new price is reduc  [#permalink]

### Show Tags

13 May 2016, 06:37
Price = p
initially price reduced by 25% which means new price is 3/4P
Now on this new price further 20percent is reduced which means the new price is merely 80percent of 3/4P
==> (3/4)x(4/5)P = 12/20P is the new price after both deduction which is 60percent of the original value P. This implies this entire series of deduction is worth having discounted 40% of P. So answer is B = 40%
Director
Joined: 05 Mar 2015
Posts: 984
Re: The price of a cycle is reduced by 25 per cent. The new price is reduc  [#permalink]

### Show Tags

13 May 2016, 07:43
1
Bunuel wrote:
The price of a cycle is reduced by 25 per cent. The new price is reduced by a further 20 per cent. The two reductions together are equal to a single reduction of

A. 45%
B. 40%
C. 35%
D. 32.5%
E. 30%

Let price be Rs 100
then 1st reduction will give discounted price as Rs 75
again 2nd reduction will yield 75(1-20/100)
=Rs 60 (final price)
so reduction from initial Rs 100 to final Rs 60 =40
Ans B.
Board of Directors
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4011
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
Re: The price of a cycle is reduced by 25 per cent. The new price is reduc  [#permalink]

### Show Tags

07 Sep 2018, 07:29
Bunuel wrote:
The price of a cycle is reduced by 25 per cent. The new price is reduced by a further 20 per cent. The two reductions together are equal to a single reduction of

A. 45%
B. 40%
C. 35%
D. 32.5%
E. 30%

$$-25 - 20 + \frac{(-25)(-20)}{100}$$

= $$-45 + 5$$

= $$-40$$, Answer must be (B)
_________________

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 )

Re: The price of a cycle is reduced by 25 per cent. The new price is reduc &nbs [#permalink] 07 Sep 2018, 07:29
Display posts from previous: Sort by

# The price of a cycle is reduced by 25 per cent. The new price is reduc

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

# Events & Promotions

 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®.