Last visit was: 24 Apr 2026, 07:02 It is currently 24 Apr 2026, 07:02
Home
Messages
Tests
Schools
Events
Close
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
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
Back to Forum
Create Topic
User avatar
AtifS
User avatar
Joined: 20 Jan 2010
Last visit: 04 Jan 2017
Posts: 216
Own Kudos:
510
 [3]
Given Kudos: 260
Status:Not afraid of failures, disappointments, and falls.
Concentration: Technology, Entrepreneurship
Schools: Haas '19 Darden '19 INSEAD Jan '19 Stanford '19 Anderson '19 HBS '19
WE:Operations (Telecommunications)
Schools: Haas '19 Darden '19 INSEAD Jan '19 Stanford '19 Anderson '19 HBS '19
Posts: 216
Kudos: 510
 [3]
The original price of a car was $25,200. Because the car owner thought Updated on: 18 Mar 2010, 11:37
Originally posted by AtifS on 09 Mar 2010, 02:07.
Last edited by AtifS on 18 Mar 2010, 11:37, edited 2 times in total.
Kudos
Add Kudos
3
Bookmarks
Bookmark this Post
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide
Show
History
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!

Difficulty:

15% (low)

Question Stats:

83% (01:39) correct 17% (01:39) wrong based on 184 sessions

History

Date
Time
Result
Not Attempted Yet
The original price of a car was $25,200. Because the car owner thought he could get more money for the car, he increased the price of the car to 110% of its original price. After a week, the car had not sold, so the owner then discount ed the price by 10%, and the car was finally sold. What price was the car sold for?

(a) $25,200
(b) $25,000
(c) $24,948
(d) $24,542
(e) $23,658


Solve with explanation.
My explanation is
Show Spoiler
The price after increasing the original price by 110%=25200*(110/100)=25200*(1.1)=27720$. Then the price after decreasing it by 10%= 27720*(1-10/100)=27720*(0.9)=24948$ the price at which car was sold
ShowHide Answer
Official Answer
C
User avatar
amod243
User avatar
Joined: 19 Feb 2009
Last visit: 13 May 2012
Posts: 31
Own Kudos:
645
 [2]
Given Kudos: 8
Schools:INSEAD,Nanyang Business school, CBS,
Posts: 31
Kudos: 645
 [2]
The original price of a car was $25,200. Because the car owner thought 09 Mar 2010, 07:24
2
Kudos
Add Kudos
Bookmarks
Bookmark this Post
IMO its C

explanation:
25200 * 1.1 * 0.9 = 24948
User avatar
mads
User avatar
Joined: 29 Oct 2009
Last visit: 14 Jul 2015
Posts: 123
Own Kudos:
221
 [1]
Given Kudos: 12
Concentration: General Management, Sustainability
Schools: Judge Kellogg 1YR '15
WE:Consulting (Computer Software)
Schools: Judge Kellogg 1YR '15
Posts: 123
Kudos: 221
 [1]
The original price of a car was $25,200. Because the car owner thought 09 Mar 2010, 08:57
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
C it is.
110% of 25200 = 27720
10% of 27720 = 2772
Card sold at 27720 - 2772 = 24948.
avatar
asmita30
avatar
Joined: 13 Oct 2009
Last visit: 31 Jul 2011
Posts: 2
Own Kudos:
1
Posts: 2
Kudos: 1
The original price of a car was $25,200. Because the car owner thought 09 Mar 2010, 10:50
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I also agree. Ans: C
User avatar
sidhu4u
User avatar
Joined: 13 Dec 2009
Last visit: 02 May 2011
Posts: 111
Own Kudos:
1,118
Given Kudos: 13
Concentration: Consulting
Products:
My Reviews
Posts: 111
Kudos: 1,118
The original price of a car was $25,200. Because the car owner thought 15 Mar 2010, 09:21
Kudos
Add Kudos
Bookmarks
Bookmark this Post
The car is sold for 1.1*0.9*25200
=0.99 * 25200
=(1 - 0.01) * 25200
=25200 - 252
=24948

hence C is the answer
User avatar
nsp007
User avatar
Joined: 19 Nov 2009
Last visit: 15 Dec 2010
Posts: 161
Own Kudos:
323
Given Kudos: 44
Posts: 161
Kudos: 323
The original price of a car was $25,200. Because the car owner thought 15 Mar 2010, 23:00
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Answer is C

110% of original price : 1.1 * 25200 = 27720
10% discount : 27720 - (0.1 * 27720) = 24948
User avatar
mustdoit
User avatar
Joined: 18 Feb 2010
Last visit: 23 Feb 2011
Posts: 102
Own Kudos:
779
 [1]
Concentration: Finance
Schools:ISB
Posts: 102
Kudos: 779
 [1]
The original price of a car was $25,200. Because the car owner thought 18 Mar 2010, 04:50
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
nsp007
Answer is C

110% of original price : 1.1 * 25200 = 27720
10% discount : 27720 - (0.1 * 27720) = 24948
Show more

Hey always try to work with smaller numbers first.

Take the price be 100

10% increase is 110
10% discount gives 99

SO if 100 is 99

25200 would be 24948!!!

It helps a lot!!! Not so much in this question but generally always. For instance try this one....
number-system-60282.html#p701427
User avatar
GMATinsight
User avatar
Major Poster
Joined: 08 Jul 2010
Last visit: 24 Apr 2026
Posts: 6,977
Own Kudos:
16,914
 [1]
Given Kudos: 128
Status:GMAT/GRE Tutor l Admission Consultant l On-Demand Course creator
Location: India
GMAT: QUANT+DI EXPERT
Schools: IIM (A) ISB '24
GMAT 1: 750 Q51 V41
WE:Education (Education)
Products:
My Reviews
Expert
Expert reply
Schools: IIM (A) ISB '24
GMAT 1: 750 Q51 V41
Posts: 6,977
Kudos: 16,914
 [1]
The original price of a car was $25,200. Because the car owner thought 07 Nov 2015, 06:29
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
AtifS
The original price of a car was $25,200. Because the car owner thought he could get more money for the car, he increased the price of the car to 110% of its original price. After a week, the car had not sold, so the owner then discount ed the price by 10%, and the car was finally sold. What price was the car sold for?
(a) $25,200
(b) $25,000
(c) $24,948
(d) $24,542
(e) $23,658

OA
Show Spoiler
C
Show more

First increase price by 10% and then Decrease the price by 10%

Let, First price = 100
After 10% increased, Revised Price = 110
Now, After 10% Decrease, Revised Price = 110-(10/100)*110 = 99

i.e. The resultant Price is 1% less than the first Price (100 ---turned--->99)

so $25,200 ---will Turn into---> 99% of $25,200 = (99/100)*$25200 = $24,948

Answer: option C
User avatar
Abhishek009
User avatar
Board of Directors
Joined: 11 Jun 2011
Last visit: 17 Dec 2025
Posts: 5,903
Own Kudos:
5,454
 [1]
Given Kudos: 463
Status:QA & VA Forum Moderator
Location: India
GPA: 3.5
WE:Business Development (Commercial Banking)
Posts: 5,903
Kudos: 5,454
 [1]
The original price of a car was $25,200. Because the car owner thought 07 Nov 2015, 12:10
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
AtifS
The original price of a car was $25,200. Because the car owner thought he could get more money for the car, he increased the price of the car to 110% of its original price.
Show more

Price of the car after the increase is \(25200*\frac{110}{100}\) => 2520*11

AtifS
After a week, the car had not sold, so the owner then discount ed the price by 10%, and the car was finally sold. What price was the car sold for?
Show more

Reduced price of car after the discount is - \(2520*11*\frac{90}{100}\) => 252*99 = 24948

Hence IMHO answer is (C) $24948.
User avatar
bumpbot
User avatar
Non-Human User
Joined: 09 Sep 2013
Last visit: 04 Jan 2021
Posts: 38,972
Own Kudos:
1,117
Posts: 38,972
Kudos: 1,117
The original price of a car was $25,200. Because the car owner thought 06 May 2022, 09:00
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Automated notice from GMAT Club BumpBot:

A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.

This post was generated automatically.
Moderators:
Bunuel
Math Expert
109813 posts
Krunaal
Tuck School Moderator
853 posts