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Re: There was a series of two successive discounts of y% on the price of L [#permalink]
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mangamma wrote:
There was a series of two successive discounts of y% on the price of Laptop. The final price of the laptop was tagged at 64% of the original price. What is the value of y?

A) 18%
B) 20%
C) 24%
D) 36%
E) 82%



We know that two successive percentage changes of a% and b% are given by the formula: a + b + ab/100
This is discussed here: https://www.gmatclub.com/forum/veritas-prep-resource-links-no-longer-available-399979.html#/2011/0 ... e-changes/

Total percentage change = - y - y + y^2/100 = -36% (since the final price of the laptop is 64% of original)

Note that if y were 18%, the total discount would have been less than 2*18% = 36% due to the impact of the y^2/100 term.

So the value of y must be greater than 18%. 20% seems about right since y^2 term will have a small impact. Let's check.

-20 - 20 + (-20*-20)/100 = -36%

Answer (B)
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Re: There was a series of two successive discounts of y% on the price of L [#permalink]
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mangamma wrote:
There was a series of two successive discounts of y% on the price of Laptop. The final price of the laptop was tagged at 64% of the original price. What is the value of y?

A) 18%
B) 20%
C) 24%
D) 36%
E) 82%


Let p = the original price of the laptop. We can create the equation:

p x (100- y)/100 x (100 - y)/100 = p x 64/100

(100 - y)^2/100^2 = 64/100

Multiplying both sides of the equation by 100^2, we have:

(100 - y)^2 = 64(100)

√[(100 - y)^2] = +/-√6400

100 - y = 80 or 100 - y = -80

y = 20 or y = 180

We ignore y = 180 because an item cannot be discounted more than 100%. Thus, y = 20.

Answer: B
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Re: There was a series of two successive discounts of y% on the price of L [#permalink]
mangamma wrote:
There was a series of two successive discounts of y% on the price of Laptop. The final price of the laptop was tagged at 64% of the original price. What is the value of y?

A) 18%
B) 20%
C) 24%
D) 36%
E) 82%



Discounted price = 64%

Discount after 2 successive discounts = 100 - 64 = 46.

Let the price of the laptop be 100.

value of y is given as answer choices.

Option B) 20%

1st discount = 100 * 20% =20

2nd discount = 80 * 20% = 16

20 + 16 = 46 ( total discount )

Thus B is the correct answer.
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There was a series of two successive discounts of y% on the price of L [#permalink]
Expert Reply
KSBGC wrote:
mangamma wrote:
There was a series of two successive discounts of y% on the price of Laptop. The final price of the laptop was tagged at 64% of the original price. What is the value of y?

A) 18%
B) 20%
C) 24%
D) 36%
E) 82%

Discounted price = 64%

Discount after 2 successive discounts = 100 - 64 = 46.

Let the price of the laptop be 100.

value of y is given as answer choices.

Option B) 20%

1st discount = 100 * 20% =20

2nd discount = 80 * 20% = 16

20 + 16 = 46 ( total discount )

Thus B is the correct answer.

KSBGC , your post has two typos. I think that you mean 36, not 46. :)
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Re: There was a series of two successive discounts of y% on the price of L [#permalink]
Expert Reply
mangamma wrote:
There was a series of two successive discounts of y% on the price of Laptop. The final price of the laptop was tagged at 64% of the original price. What is the value of y?

A) 18%
B) 20%
C) 24%
D) 36%
E) 82%

We can use answer choices and assign an easy number.

Let the laptop's original price = $100
After two successive y discounts, the price is 64% of that $100, so end price = $64
The difference, ($100 - $64) = $36
$36 = the summed dollar value of y at each stage.

That is, the two y discounts in dollars must total $36

Start with (C) to get a benchmark.
If it is too great, we also eliminate D and E, which are greater than C.
If (C) is too small, we eliminate A and B as well.

• Stage 1: Discount and changed price
C) y = 24%

24% of $100 = $24 = one of the y dollar amounts to keep
Actual price at end of Stage 1: ($100 - $24) = $76

• Stage 2: Discount and changed price

We are looking for a discount dollar amount of $12.
Total dollar discount = $36
Stage 1 discount = $24.
Stage 2 discount must therefore = $12

Another 24% must be taken off the new price of $76
• Two ways to handle "24% of $76"
(1) estimate.
24% is about 25% = \(\frac{1}{4}\)
\(\frac{1}{4}\) * $76 = $19
$19 is too great. We need only $12.
Total y + y discount = 24 + 19 = $43 (we need $36)

(2) Do the arithmetic. It's not bad.
24% of $76 = $18.24 = the second y dollar amounts

Add the two y discounts in dollars: $(24 + 18.24) = $42.24
Greater than $36.

y = 24% = Answer C is TOO great.

Eliminate C, D, and E

• Option A or B? Use B.
Choose the easier number. Only one of the options is correct.

• Stage 1 discount and changed price
B) y = 20%

20% of $100 = $20 = ONE y discount in dollars
New price: ($100 - $20) = $80

• Stage 2 discount and changed price

20% of new price of $80 = \((\frac{1}{5}*80)=$16\)

Total dollar discount from Stage 1 + Stage 2:
$(20 + 16) = $36

That's correct.
(As is end price: $100 - $36 = $64,
which is 64% of the original price we assigned,
just as the prompt requires.)

Answer B
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Re: There was a series of two successive discounts of y% on the price of L [#permalink]
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