Latest GRE Aptitude Question SOLUTION: the list price of a watch costing $450 and $700 if it was sold at sucessive discounts of 10% and d% the net profit is $54 if instead of offering sucessive discounts a single discou

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(#M40012846) GRE Numerical Ability question Keep an EYE

the list price of a watch costing $450 and $700 if it was sold at sucessive discounts of 10% and d% the net profit is $54 if instead of offering sucessive discounts a single discount of 1.5d% is offered the profit would be?

Asked In GRE ratna (11 years ago)

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satish  (6 years ago)

The question should be like this "The list price of a watch costing $450 is $700."

Solution:
List Price = 450,SP = 700
1st discount of 10% = 700*(100-10)/100 which is 630
If 2nd discount is d% then the profit is $54, so the total net profit price is 450$+54$ = 504$
i,e 630*(100-d)/100 = 504
By solving we will get d = 20%
Then in single discount 1.5d% i,e 1.5(20)% = 30%
Total price after 30% discount is 700(100-30)/100 = 490$
So total profit is 490-450 = 40$

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