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What is the percent discount on a jacket marked down from $120 to $100

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Bunuel
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What is the percent discount on a jacket marked down from $120 to $100 [#permalink] New post   07 Jan 2019, 05:05
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What is the percent discount on a jacket marked down from $120 to $100?


A. 16 2/3%

B. 20%

C. 30%

D. 33 1/3%

E. 40%
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A
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Re: What is the percent discount on a jacket marked down from $120 to $100 [#permalink] New post   07 Jan 2019, 05:19
Bunuel wrote:
What is the percent discount on a jacket marked down from $120 to $100?


A. 16 2/3%

B. 20%

C. 30%

D. 33 1/3%

E. 40%



120-100/120 = A 16/6%
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Re: What is the percent discount on a jacket marked down from $120 to $100 [#permalink] New post   20 Apr 2019, 11:05
I went ahead and did this one out, which got me to the correct answer (A). However, if I didn't go into immediate math machine mode, I would have noticed that the only answer it could be is A. We already know that a markdown from 120 to 100 would be a smaller change % than that of 100 to 80, because it's the same change amount, but a bigger denominator.

Just food for thought that could save you a minute or two.
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Re: What is the percent discount on a jacket marked down from $120 to $100 [#permalink] New post   25 Nov 2020, 06:40
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% discount is simply asking for the % decrease. (Profit is a % increase and Loss is a % decrease)

% decrease = \(\frac{Difference}{Larger \space Number}*100 = \frac{20}{120}*100 = 16.67\)%


Option A

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Re: What is the percent discount on a jacket marked down from $120 to $100 [#permalink] New post   25 Nov 2020, 08:18
Bunuel wrote:
What is the percent discount on a jacket marked down from $120 to $100?


A. 16 2/3%

B. 20%

C. 30%

D. 33 1/3%

E. 40%

\(\frac{20}{120} = \frac{1}{6} = 16\frac{2}{3}\)%, Answer is (A)
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Re: What is the percent discount on a jacket marked down from $120 to $100 [#permalink] New post   28 Nov 2020, 02:27
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Solution



To find
We need to determine
    • The percentage discount on a jacket, which is marked down from $120 to $100

Approach and Working out
Original marked up value = 120
Value after discount = 100
    • Therefore, discount amount = 120 – 100 = 20
    • Hence, discount percentage = (20/120) x 100 = 16.67%
(note that by default discount percentage is always calculated based on the marked price)

Thus, option A is the correct answer.

Correct Answer: Option A
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Re: What is the percent discount on a jacket marked down from $120 to $100 [#permalink]
28 Nov 2020, 02:27
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