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A bicycle is sold after applying successive discounts of 10% and 20% on the list price at Shop A. The same is sold at a flat discount of 30% on the list price at Shop B. If the list price of bicycle is $200 for both Shop A and Shop B, what is the positive difference (if any) between the final prices of bicycles sold at Shop A and Shop B?
- a)0
- b)4
- c)6
- d)9
- e)12
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
A bicycle is sold after applying successive discounts of 10% and 20% o...
Let's say the original price is Y
shop A:
apply 10% discount, the price will be:
(1-10%)Y = 0.9Y
apply 20% discount, final price is:
0.9Y - (0.9Y*20%) = 0.72Y
Shop B:
price with 30% discount = (1 - 30%)Y = 0.7Y
so the difference,
0.72Y-0.7Y = 0.02Y
0.02Y = 0.02*200 = 4
shop A:
apply 10% discount, the price will be:
(1-10%)Y = 0.9Y
apply 20% discount, final price is:
0.9Y - (0.9Y*20%) = 0.72Y
Shop B:
price with 30% discount = (1 - 30%)Y = 0.7Y
so the difference,
0.72Y-0.7Y = 0.02Y
0.02Y = 0.02*200 = 4
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Community Answer
A bicycle is sold after applying successive discounts of 10% and 20% o...
Calculation for Shop A:
- First discount: 10% of $200 = $20
- Price after first discount: $200 - $20 = $180
- Second discount: 20% of $180 = $36
- Final price at Shop A: $180 - $36 = $144
Calculation for Shop B:
- Discount: 30% of $200 = $60
- Final price at Shop B: $200 - $60 = $140
Positive difference:
- Difference between final prices at Shop A and Shop B: $144 - $140 = $4
Therefore, the positive difference between the final prices of bicycles sold at Shop A and Shop B is $4. Hence, the correct answer is option b) 4.
- First discount: 10% of $200 = $20
- Price after first discount: $200 - $20 = $180
- Second discount: 20% of $180 = $36
- Final price at Shop A: $180 - $36 = $144
Calculation for Shop B:
- Discount: 30% of $200 = $60
- Final price at Shop B: $200 - $60 = $140
Positive difference:
- Difference between final prices at Shop A and Shop B: $144 - $140 = $4
Therefore, the positive difference between the final prices of bicycles sold at Shop A and Shop B is $4. Hence, the correct answer is option b) 4.
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A bicycle is sold after applying successive discounts of 10% and 20% on the list price at Shop A. The same is sold at a flat discount of 30% on the list price at Shop B. If the list price of bicycle is $200 for both Shop A and Shop B, what is the positive difference (if any) between the final prices of bicycles sold at Shop A and Shop B?a)0b)4c)6d)9e)12Correct answer is option 'B'. Can you explain this answer?
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A bicycle is sold after applying successive discounts of 10% and 20% on the list price at Shop A. The same is sold at a flat discount of 30% on the list price at Shop B. If the list price of bicycle is $200 for both Shop A and Shop B, what is the positive difference (if any) between the final prices of bicycles sold at Shop A and Shop B?a)0b)4c)6d)9e)12Correct answer is option 'B'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about A bicycle is sold after applying successive discounts of 10% and 20% on the list price at Shop A. The same is sold at a flat discount of 30% on the list price at Shop B. If the list price of bicycle is $200 for both Shop A and Shop B, what is the positive difference (if any) between the final prices of bicycles sold at Shop A and Shop B?a)0b)4c)6d)9e)12Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A bicycle is sold after applying successive discounts of 10% and 20% on the list price at Shop A. The same is sold at a flat discount of 30% on the list price at Shop B. If the list price of bicycle is $200 for both Shop A and Shop B, what is the positive difference (if any) between the final prices of bicycles sold at Shop A and Shop B?a)0b)4c)6d)9e)12Correct answer is option 'B'. Can you explain this answer?.
A bicycle is sold after applying successive discounts of 10% and 20% on the list price at Shop A. The same is sold at a flat discount of 30% on the list price at Shop B. If the list price of bicycle is $200 for both Shop A and Shop B, what is the positive difference (if any) between the final prices of bicycles sold at Shop A and Shop B?a)0b)4c)6d)9e)12Correct answer is option 'B'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about A bicycle is sold after applying successive discounts of 10% and 20% on the list price at Shop A. The same is sold at a flat discount of 30% on the list price at Shop B. If the list price of bicycle is $200 for both Shop A and Shop B, what is the positive difference (if any) between the final prices of bicycles sold at Shop A and Shop B?a)0b)4c)6d)9e)12Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A bicycle is sold after applying successive discounts of 10% and 20% on the list price at Shop A. The same is sold at a flat discount of 30% on the list price at Shop B. If the list price of bicycle is $200 for both Shop A and Shop B, what is the positive difference (if any) between the final prices of bicycles sold at Shop A and Shop B?a)0b)4c)6d)9e)12Correct answer is option 'B'. Can you explain this answer?.
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A bicycle is sold after applying successive discounts of 10% and 20% on the list price at Shop A. The same is sold at a flat discount of 30% on the list price at Shop B. If the list price of bicycle is $200 for both Shop A and Shop B, what is the positive difference (if any) between the final prices of bicycles sold at Shop A and Shop B?a)0b)4c)6d)9e)12Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A bicycle is sold after applying successive discounts of 10% and 20% on the list price at Shop A. The same is sold at a flat discount of 30% on the list price at Shop B. If the list price of bicycle is $200 for both Shop A and Shop B, what is the positive difference (if any) between the final prices of bicycles sold at Shop A and Shop B?a)0b)4c)6d)9e)12Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A bicycle is sold after applying successive discounts of 10% and 20% on the list price at Shop A. The same is sold at a flat discount of 30% on the list price at Shop B. If the list price of bicycle is $200 for both Shop A and Shop B, what is the positive difference (if any) between the final prices of bicycles sold at Shop A and Shop B?a)0b)4c)6d)9e)12Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
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