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25 Oct 2018, 03:44
00:00

Difficulty:

5% (low)

Question Stats:

97% (00:52) correct 3% (01:18) wrong based on 41 sessions

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The price of a pair of sneakers was $80 for the last six months of last year. On January first, the price increased 20%. After the price increase, an employee bought these sneakers with a 10% employee discount. What price did the employee pay? A.$70.40
B. $82.00 C.$83.33
D. $86.40 E.$88.00

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25 Oct 2018, 07:29
Bunuel wrote:
The price of a pair of sneakers was $80 for the last six months of last year. On January first, the price increased 20%. After the price increase, an employee bought these sneakers with a 10% employee discount. What price did the employee pay? A.$70.40
B. $82.00 C.$83.33
D. $86.40 E.$88.00

Net change in price is $$20 - 10 -\frac{20*10}{100} = 8$$

Thus, the price the customer had to pay is $$80*\frac{108}{100}$$ = 86.40 ; Answer must be (D) $86.40 _________________ 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 ) Target Test Prep Representative Status: Founder & CEO Affiliations: Target Test Prep Joined: 14 Oct 2015 Posts: 8117 Location: United States (CA) Re: The price of a pair of sneakers was$80 for the last six months of las  [#permalink]

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30 Oct 2018, 11:21
Bunuel wrote:
The price of a pair of sneakers was $80 for the last six months of last year. On January first, the price increased 20%. After the price increase, an employee bought these sneakers with a 10% employee discount. What price did the employee pay? A.$70.40
B. $82.00 C.$83.33
D. $86.40 E.$88.00

The employee paid

80 x 1.2 x 0.9 = 96 x 0.9 = $86.40 Answer: D _________________ # 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. Re: The price of a pair of sneakers was$80 for the last six months of las   [#permalink] 30 Oct 2018, 11:21
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