A merchant reduces the original price of a coat by 20 percent for

Question

A merchant reduces the original price of a coat by 20 percent for a spring sale. Finding that the coat did not sell, the merchant reduces the spring price by a further 15 percent at the start of the summer. The coat’s summer price is what percent of its original price?

A. 35%
B. 64%
C. 65%
D. 68%
E. 80%

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Yoaerez · Answer

Let price = 100.

First price drop: 100*(1-0.2) = 80

Second price drop: 80*(1-0.15) = 68

68 is 68% of 100

IMO D.
 
There's no answer provided so let me know what you think (I hope I'm right so I won't mislead people)

Bunuel · Answer

The OA will be automatically revealed on Thursday 29th of August 2024 01:30:04 AM Pacific Time Zone.

You are right, the OA is D.

Nidzo · Answer

Let the price of the coat =  x

The price coat of the coat is first decreased by 20% (or costs 80% of the original price) and then by 15% (or costs 85% of the sale price):

x*\frac{80}{100}*\frac{85}{100}

x*4*\frac{17}{100}

\frac{68}{100}x

ANSWER D

Purnank · Answer

Yes it seems correct.

HarishD · Answer

Original price=x
Spring price= 0.80x
Summer price= 0.85*(0.80x)
 = 0.68x
Therfore, summer price(0.68x) is 68% of original price(x)
Answer D

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prantorboni · Answer

A merchant reduces the original price of a coat by 20 percent for a spring sale. Finding that the coat did not sell, the merchant reduces the spring price by a further 15 percent at the start of the summer. The coat’s summer price is what percent of its original price?

Let's assume, the original price of the coat is 100. At 20% reduction, selling price would be 80. Lastly, a further 15% discount, selling price would be 80x15/100= 12, meaning 80-12=68 which is 68% of the original price of the coat.

Answer: D. 68%.

Chibvike · Answer

When it comes to percentage changes, if we are not provided a given number, it's best to use 100 as our base value

Hence,

100*4/5*17/20 = 68%

Answer choice; D

uCS2020 · Answer

A merchant reduces the original price of a coat by 20 percent for a spring sale. Finding that the coat did not sell, the merchant reduces the spring price by a further 15 percent at the start of the summer. The coat’s summer price is what percent of its original price?

A. 35%
B. 64%
C. 65%
D. 68%
E. 80%

Original price = X

Reduction of 20%

This gives 0.8X

20% reduction = 0.8X

Reduction of 15%

This gives 0.68X

Another 15% reduction = 0.68X

The total reduction is 0.68, which is 68% ( 0.68 * 100).

Therefore,

Answer = D

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A merchant reduces the original price of a coat by 20 percent for

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