Quantitative - Mathematics - Word Problems:

Profit and Loss

MCQ - 486-13253

Question:

A certain store is selling an $80 radio for $64. If a different radio had a list price of $200 and was discounted at 1^{1 $\frac{1}{2}$ times the percent discount on the $80 model, what would its selling price be?}

$90
$105
$120
$105
$160

Correct Answer: D

Explanation:

A certain store is selling an $80 radio for $64. If a different radio had a list price of $200 and was discounted at 1 $\frac{1}{2}$ times the percent discount on the $80 model, what would its selling price be?

Rate of discount on $80 radio = $\frac{16}{80}$ × 100 = 20%

Rate for $200 radio = 20 × $\frac{3}{2}$ = 30%

Discounted Price = 200 × $\frac{70}{100}$ = 140

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1297 MCQ for effective preparation of the test of Profit and Loss of Word Problems section.

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