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A computer store offers employees a 20% discount off the retail price. If the store purchased a computer from the manufacturer for $1000 dollars and marked up the price 20% to the final retail price, how much would an employee save if he purchased the computer at the employee discount (20% off retail price) as opposed to the final retail price.
  • a)
    $1,000
  • b)
    $960
  • c)
    $240
  • d)
    $200
  • e)
    $150
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
A computer store offers employees a 20% discount off the retail price....
  1. The original cost of the computer (from the store's perspective) was $1,000.
  2. The retail price was 20% higher than the original cost, so multiply by 1.20; recall that 1.2 is equivalent to (100% + 20%):
    Retail Price: $1000(1.20) = $1,200.
  3. The employee discount price was 20% lower than the retail price, so multiply by 0.80; recall that 0.8 is equivalent to (100% - 20%):
    Employee Discount Price: $1200(0.80) = $960.
  4. Find the difference between the employee discount price and the retail price:
    $1200 - $960 = $240.
    The correct answer is C.
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Community Answer
A computer store offers employees a 20% discount off the retail price....
  1. The original cost of the computer (from the store's perspective) was $1,000.
  2. The retail price was 20% higher than the original cost, so multiply by 1.20; recall that 1.2 is equivalent to (100% + 20%):
    Retail Price: $1000(1.20) = $1,200.
  3. The employee discount price was 20% lower than the retail price, so multiply by 0.80; recall that 0.8 is equivalent to (100% - 20%):
    Employee Discount Price: $1200(0.80) = $960.
  4. Find the difference between the employee discount price and the retail price:
    $1200 - $960 = $240.
    The correct answer is C.
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A computer store offers employees a 20% discount off the retail price. If the store purchased a computer from the manufacturer for $1000 dollars and marked up the price 20% to the final retail price, how much would an employee save if he purchased the computer at the employee discount (20% off retail price) as opposed to the final retail price.a)$1,000b)$960c)$240d)$200e)$150Correct answer is option 'C'. Can you explain this answer?
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A computer store offers employees a 20% discount off the retail price. If the store purchased a computer from the manufacturer for $1000 dollars and marked up the price 20% to the final retail price, how much would an employee save if he purchased the computer at the employee discount (20% off retail price) as opposed to the final retail price.a)$1,000b)$960c)$240d)$200e)$150Correct answer is option 'C'. 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 computer store offers employees a 20% discount off the retail price. If the store purchased a computer from the manufacturer for $1000 dollars and marked up the price 20% to the final retail price, how much would an employee save if he purchased the computer at the employee discount (20% off retail price) as opposed to the final retail price.a)$1,000b)$960c)$240d)$200e)$150Correct answer is option 'C'. 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 computer store offers employees a 20% discount off the retail price. If the store purchased a computer from the manufacturer for $1000 dollars and marked up the price 20% to the final retail price, how much would an employee save if he purchased the computer at the employee discount (20% off retail price) as opposed to the final retail price.a)$1,000b)$960c)$240d)$200e)$150Correct answer is option 'C'. Can you explain this answer?.
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